In general, as a country's income increases, so does the demand for imports

Indicate whether the statement is true or false.

Answer: FALSE

Business

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When attempting to identify the economic characteristics of the industry in which a particular firm participates an analyst might ask which of the following questions?

a. Does technological change play an important role in the firm maintaining a competitive advantage? b. Has the firm diversified across several geographic markets? c. Has the firm recognized revenues at the proper time? d. Has the firm structured transactions to make it look more profitable than economic conditions suggest?

Business

Harvested crops would be an example of ______

A) existing goods. B) tangible goods. C) future goods. D) intangible goods.

Business