Organizational structure can be a strategic asset if it
A) adds value.
B) adds value and can be duplicated.
C) adds value and cannot be duplicated.
D) can be franchised.
C
Economics
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Feenstra and Taylor describe the "magnification effect" of trade. This effect describes how:
a. workers tend to complain more about trade than is justified. b. owners of capital can "magnify" their earnings if they are able to trade. c. small changes in relative prices as a result of trade lead to larger longrun changes in the real wage or rental of factors. d. unemployment is a big problem among workers but not capital because workers have to move when they are laid off.
Economics
Explain why an economist would say, "There is no such thing as a free lunch."
What will be an ideal response?
Economics