A nation's ability to turn its natural resources, education, and infrastructure into a competitive advantage is reflected in:
A)structural conditions.
B)socio-cultural conditions.
C)competitive conditions.
D)factor conditions.

Question

Quizplus · Accepted Answer

The statement is referring to the concept of "factor conditions" in the Diamond Model of National Advantage developed by Michael Porter. Factor conditions refer to a nation's ability to use its natural resources, human resources (education), and infrastructure to create a competitive advantage in industries. Therefore, the best choice is D - factor conditions.

A Nation's Ability to Turn Its Natural Resources, Education, and Infrastructure