Factors of Production in Porter's Model of International Competitive Advantage

question 38

Multiple Choice

Factors of production in Porter's model of international competitive advantage include all of the following EXCEPT:

• A) labor.
• B) capital.
• C) infrastructure.
• D) supporting industries.

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Definitions:

Nullification

The theory that states have the right to nullify, or invalidate, any federal law deemed unconstitutional with respect to the United States Constitution.

Democratic Party

One of the two major contemporary political parties in the United States, known for its liberal policies on social issues, healthcare, and labor rights.

Second Bank

Refers to the Second Bank of the United States, a federal institution that operated from 1816 to 1836 and played a pivotal role in early American financial history.