The economic success of _____ put a strain on the world trading system in the 1980s and promoted protectionism measures.

Some forecasters believe that foreign exchange markets for the major floating currencies are "efficient" and forward exchange rates are unbiased predictors of future spot exchange rates

Explain the rationale of this statement including the assumptions made, the meaning of "efficient" and "unbiased", and the empirical evidence. What will be an ideal response?

Capabilities refer to a corporation's ability to exploit its resources

Indicate whether the statement is true or false