The Corporation,according to the Standards of Conduct for Multinational Corporations,should

question 70

True/False

The corporation,according to the standards of conduct for multinational corporations,should attempt to impact the national balances of payment for developing nations.

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Definitions:

Economy

The system by which goods and services are produced, distributed, and consumed in a society or geographic area.

Goods And Services

Goods and services constitute the output of an economy, where goods are tangible products and services are intangible activities that provide value to consumers.

Scarcity

The limited nature of society’s resources.

Trade-Offs

Situations where having more of one thing necessarily means having less of another because of limited resources.