What are two assumptions pertinent to the resource-based view of competitive advantage? Group of answer choices firms are homogeneous in terms of control and resources are perfectly mobile between firms abundance of resources and cost control lead to competitive advantage resources must be abundant and costs must be kept to a minimum firms are heterogeneous and resources are not perfectly mobile

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.