Provide a concise statement on the relationship between multinational corporation investment and economic activity in developing countries with respect to: a
the three gaps, (b) comparative advantage, (c) the debt crisis, (d) scale economies, and (e) pattern of consumption.
The question may be asked as one long essay or selected parts for short essays. Discussed in the chapter.
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Which of the following Fed actions increases the excess reserves of commercial banks?
A. Selling bonds to the public B. Selling bonds to commercial banks C. Lower the reserve requirement D. Increasing the discount rate
In the event of excess supply in the coffee market
A) the price of coffee will increase. B) the price of coffee will decrease. C) the supply of coffee will decrease (supply will shift to the left) to meet the demand. D) the demand for coffee will increase (demand will shift to the right) to meet the supply.
A price ceiling is:
A. a legal maximum price. B. a legal minimum price. C. a legal maximum quantity that can be sold at a particular price. D. a legal minimum quantity that can be sold at a particular price.
The text states that the Herfindahl-Hirschman Index (HHI) for electronic computers is 680, while the HHI for chocolate is 2,188 . We can interpret this to mean that
a. people buy more chocolate than computers b. the price of computers is higher than the price of chocolate c. the demand for computers is relatively more inelastic than the demand for chocolate d. market power is more heavily concentrated in the chocolate market than in the computer market e. computers are more of a necessity than chocolate