Speed-to-market is the rate at which a company's competitors copy its new product innovations. ...

Speed-to-market is the rate at which a company's competitors copy its new product innovations.
 
 Indicate whether the statement is true or false

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Question 2 - What is a national balance of trade? What does someone mean when he or she says that the balance of trade is favorable? Unfavorable?

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Question 3 - All of the following are benefits of advertising except:
 A) effects of certain products may be exaggerated.
  B) it is not expensive in reaching a large number of people.
  C) it lowers prices due to competition.
  D) it pays for news and entertainment programming.
  E) it provides job opportunities.

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Question 4 - Productivity is the
 A) highest level of output for the best worker.
  B) average level of output per worker.
  C) lowest level of output for all hourly workers.
  D) average level of output for workers with at least five years of experience.
  E) average level of output for a randomly selected group of employees.

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Question 5 - The significance of the economic dimension of a business environment is highlighted when a number of states-from Alabama to Nevada-make their local economies even more appealing by providing special tax deals to attract new firms.
 
 Indicate whether the statement is true or false

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Question 6 - What does it mean for a country to have an absolute advantage? Compare that to having a comparative advantage.