A Country with High Unemployment Could Best Increase Its Employment

question 13

Multiple Choice

A country with high unemployment could best increase its employment by:

• A) encouraging foreign firms to establish subsidiaries that produce the same products local firms produce.
• B) encouraging foreign firms to establish licensing arrangements for products local firms produce.
• C) encouraging foreign firms to establish subsidiaries that produce products that are not produced locally and to export the products.
• D) None of these would reduce employment.

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Definitions:

Negotiable Installment Notes

Debt instruments that promise repayments in a series of payments and are transferable to others.

Finance Companies

Businesses that provide loans to individuals or corporations, excluding banks and other traditional financial institutions.

Forgery

The act of fraudulently making, altering, or falsifying a document or other object with the intent to deceive or defraud.

Real Defense

Legal defenses that can be used to invalidate a claim in a contract or to nullify the contract itself.