Question: b) Using a STEEPLE framework analyse the potential advantages and disadvantages to foreign firms of locating in china. Response 1: STEEPLE is an acronym for

b) Using a STEEPLE framework analyse the potential advantages and disadvantages to foreign firms of locating in china. Response 1: STEEPLE is an acronym for Social, Technological, Economic, Environmental, Political, Legal and Ethical

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=+ d. Income per worker in Richland is actually

=+16 times income per worker in Poorland. Can you explain this fact by changing the value of the parameter ? What must it be? Can you think of any way of justifying such a

=+c. If the CobbDouglas parameter takes the conventional value of about 1/3, how much higher should income per worker be in Richland compared to Poorland?