A Graphical Representation of Michael Porter's Elements Which Create a Nation's

question 32

Multiple Choice

A graphical representation of Michael Porter's elements which create a nation's competitive advantage looks like a:

• A)diamond.
• B)circle or loop.
• C)continuum.
• D)pyramid.

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Definitions:

Wage

The fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.

Grape Pickers

Workers who manually or mechanically harvest grapes from vineyards.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to offer for sale.

Supply

The overall quantity of a particular product or service that is accessible to buyers.