Which of the following does not affect a company's ability to pass increased wage costs to the consumer?
a. the competitiveness of the market
b. the elasticity of demand
c. the level of the Consumer Price Index
d. All of the above.
C
Business
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An example of an economic trading-area barrier is _____
a. travel distance b. travel time c. high sales-tax rates d. travel difficulty as measured by road conditions
Business
Which of the following is a way in which formal institutions affect international competition?
A) decreasing trade restrictions B) enforcing organizational laws C) enforcing antidumping laws D) enforcing strict exit barriers
Business