Porter developed ______ broad attributes of a nation that shape the environment in which local firms compete.
Fill in the blank(s) with the appropriate word(s).
four
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Assume:
C = 40 + 0.8(Y - T) G = 10 I = 20 T = 0, where T are taxes. (a) Calculate Y at equilibrium. (b) Calculate C, I, and G at equilibrium. (c) Now assume, EX = 5 + 4EP /P IM = 10 + 0.1 (Y - T) - 3EP /P E = 3 P = 1.5 P = 2 Find equilibrium Y.
Refer to Scenario 13.16. If the firms must choose their prices simultaneously,
A) both firms will buy gelato. B) both firms will buy yogurt. C) two pure strategy equilibria exist, one in which Gooi alone buys a gelato machine and one in which Ici alone buys a gelato machine. D) the game has no pure strategy equilibrium. E) the game has no mixed strategy equilibrium.
The people most likely to pay little personal income tax to the U.S. government are
a. the middle class. b. renters. c. the very poor. d. earners of wages (as opposed to salaries).
What does a consumption possibilities frontier represent?