Among the Determinants Underlying a Country's International Competitiveness in Business

question 114

Multiple Choice

Among the determinants underlying a country's international competitiveness in business services (e.g.,construction) are:

• A) The potential scale economies afforded by a market's size
• B) Abundance of equipment including data processing facilities and computers
• C) Skills and capabilities of employees and their wage rates
• D) All of the above

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Definitions:

Effective Annual Rates

The real return on an investment, taking into account the effect of compounding interest over multiple periods within a year.

Equal Installments

Periodic payments of the same amount over the term of a loan or investment.

Borrowed

Borrowed refers to funds that have been taken on loan from external sources, which are expected to be paid back with interest over time.

Daily Compounding

The process where the interest on an investment is calculated daily and added to the principal, so that each subsequent calculation of interest includes interest previously earned.