Which of the following makes a firm's resources hard to imitate?

Which of the following makes a firm's resources hard to imitate?
 a. They don't flow from the firm's unique history
 b. The link between resources and advantages is difficult to discern
  c. They aren't socially complex
 d. All of the above

QUESTION 2

Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30. If her house gets broken into, she faces a property loss of 10,000, otherwise she gets to keep her 100,000 . If Samantha is offered full coverage for her house at 1,500, what is her expected wealth with the insurance policy?
 a. 80,000
  b. 87,000
  c. 97,000
  d. 98,500

QUESTION 3

Taxes cause:
 a. Market distortions
  b. Reduce incentives to work
  c. Decrease wealth creating transactions
  d. All of the above

QUESTION 4

Which of the following makes a firm's resources hard to imitate?
 a. They flow from the firm's unique history
 b. The link between resources and advantage is simple
  c. They aren't socially complex
 d. All of the above

QUESTION 5

Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30. If her house gets broken into, she faces a property loss of 10,000, otherwise she gets to keep her 100,000 . If Samantha is offered an insurance policy for her house to protect her from loss at 3,000, would she buy the insurance?
 a. Yes because she gets to now enjoy her wealth risk-free
  b. No, because she can take the risk and be better off
 c. Yes, because she is a risk lover
 d. None of the above

QUESTION 6

If you are willing to sell your lawn mower business for 355,00 . and someone offers you 420,00 . for it, this transaction will generate:
 a. There is no surplus created
  b. 65,00 . worth of seller surplus and unknown amount of buyer surplus
  c. 30,00 . worth of buyer surplus and 35,00 . of seller surplus
  d. 65,00 . worth of buyer surplus and unknown amount of seller surplus

QUESTION 7

For a resource to be able to generate sustained competitive advantage over rivals, it must be
 a. Valuable
 b. Rare
 c. Difficult to imitate or substitute away from
  d. All of the above