Question: 1. Why do you think bribery is common when dealing with suppliers? 2. What is the difference between tax evasion and tax avoidance? Can you

1. Why do you think bribery is common when dealing with suppliers?

2. What is the difference between tax evasion and tax avoidance? Can you cite an example between the two?

3. Business operations are not perfect and they are still subject to improvements and undergo changes. Have you experienced that certain businesses violate one of your consumer basic rights? Share.

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=+ a. What must the saving rate be in the initial steady state? [Hint: Use the steady-state relationship, sy = ( + n + g)k.]

=+ a. The capitaloutput ratio is constant.