Porter argues that achieving international success in a certain industry is a function of factor endowments, domestic demand conditions, related and supported industries, and ______.
Fill in the blank(s) with the appropriate word(s).
domestic rivalry
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Which of the following would most likely increase the price of chicken, a normal good?
a. a reduction in the price of grains used to produce chicken feed b. a reduction in the price of beef, a substitute for chicken c. unusually hot weather that kills millions of chickens before they are ready for market d. a decrease in consumer income
The most important determinant of how much an individual will pay for a share of stock is
A. The average daily volume for the corporation's shares. B. How well the CEO is compensated. C. The expectation of future profit. D. The structure of the market.
When budget deficits during recessions are covered by budget surpluses during expansions, then it is termed as annually balanced budget
Indicate whether the statement is true or false
The factor-price equalization theorem tells us that free trade between two countries should result in
A. all workers in the two countries having the same skill level. B. all workers in the two countries earning the same wage rate. C. all workers of the same skill level earning the same wage rate in the two countries. D. all input prices being equal within each country.