Indirect Exports Have Two Advantages for a Firm: They Involve

question 19

Multiple Choice

Indirect exports have two advantages for a firm: they involve less investment and ________.

• A) less paperwork
• B) less intrusion by the government
• C) less risk
• D) less competition
• E) less customer suits

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Definitions:

State Would Wither Away

A Marxist theory suggesting that after the establishment of a classless society, the need for a government or state will diminish and eventually disappear.

Capitalists

Individuals or entities that own capital goods or investments and use them to generate wealth through production, distribution, and the sale of goods and services.

Embraced Capitalism

The process of adopting capitalist economics and practices, characterized by private ownership, profit motive, and market competition.

Central Planning

An economic system where the government makes all decisions on the production and distribution of goods and services, aiming to control the economy.