Provide a concise statement about the relationship between multinational corporations and:
(a) domestic employment, (b) foreign exchange, (c) taxes, (d) investment, (e) consumption,
(f) industrialization, (g) inequality, and (h) technology.
Depends on lecture coverage.
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State provision of free healthcare may encourage individuals to engage in unhealthy behavior, such as excessive smoking or consumption of alcohol. This is an example of ________
A) moral hazard B) a positive externality C) adverse selection D) anchoring
The case of New Zealand, described in the text, draws what technical conclusion regarding the country's international debt position?
What will be an ideal response?
The net benefits that a nation receives from trade are called its gains from trade.
a. true b. false
Refer to Figure 6.4. Suppose that the market is currently in equilibrium and the government decides to impose a maximum price equal to price A in the graph. How will the equilibrium quantity and price change as a result of the price ceiling?
A. It won't. The price ceiling is above the equilibrium, so the market stays at equilibrium. B. It will cause a shortage because at the price ceiling, the quantity demanded exceeds the quantity supplied. C. It will cause a surplus because at the price ceiling, the quantity demanded is below the quantity supplied. D. It won't. The price ceiling is below the equilibrium, so the market stays at equilibrium.