Explain offshore profit shifting and the United States' stance on the practice
What will be an ideal response?
Answer: Multinational corporations challenge individual nations to regulate them or to tax them through offshore profit shifting, whereby a transnational company has sister companies in different countries to take advantage of different laws and accounting rules. Trade among different divisions of individual corporations today accounts for an estimated one-third of all international trade, and the corporations avoid any country's taxes by allocating investment and profits wherever they wish. By 2007, 28% of all U.S. multinationals' trade in goods occurred among arms of the same companies. The U.S. government takes the position that any company that employs and trains U.S. workers and that adds value in the United States is a U.S. corporation, no matter which flag it flies at its international headquarters or where those headquarters are.
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GDP fails to measure barter, subsistence production, and household domestic labor
Indicate whether the statement is true or false
The best description of a sustainable system component is ________
A) a component that does not need to interact with other components B) one which is in balance with the system as a whole C) a component that requires increasing amounts of materials from surrounding components D) one in which all species have rapidly increasing populations E) one which can appropriate increasing amounts of energy from other components
The study of spectroscopy was begun by ________
A) Galileo B) Niels Bohr C) George Hale D) Albert Einstein E) Sir Isaac Newton
Each year, the U.S. economic system encourages an increase in the flow of matter and energy that ends up as waste, pollution, and low-quality energy.
Answer the following statement true (T) or false (F)