New Markets, New Resources, and Improved Efficiency Are the Three

question 32

True/False

New markets, new resources, and improved efficiency are the three main motives for firms to enter foreign markets through FDI.

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Definitions:

Efficiency Wages

A theory that higher wages may lead to increased productivity from employees by reducing turnover, increasing morale, or attracting more skilled workers.

Labor Supplied

The total amount of labor that workers are willing and able to offer at a given wage rate in a given time period.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods such as teaching, training, research, or personal development.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.