b) Factors

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5 Terms

1
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  • the factors that influence international competitiveness


  • relative wages

  • relative productivity

  • relative inflation rate

  • relative level of government regulations


2
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  • high relative wages decreases international competitiveness by…


  • increasing production costs


3
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  • a high inflation rate decreases international competitiveness by…


  • increasing production costs


4
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  • a high relative productivity inecreases international competitiveness by…


  • decreasing the labour cost per unit of output


5
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  • a high relative level of government regulations decreases international competitiveness by…


  • increasing production costs