All of the Following Are Competitive Forces Except

question 84

Multiple Choice

All of the following are competitive forces except

• A)suppliers.
• B)new market entrants.
• C)external environment.
• D)customers.
• E)substitute products.

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Definitions:

Multiplier

A factor that quantifies how an increase in spending leads to an increase in national income and output, typically greater than the initial amount spent.

Balanced Budget

When federal tax receipts equal federal government spending.

Constitutional Amendment

A formal change or addition proposed and ratified according to the procedures specified in a constitution, altering the document's framework or principles.

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were employed at their maximum efficiency during a recession.