A Firm That Produces Goods in One Country and Distributes

question 168

Multiple Choice

A firm that produces goods in one country and distributes and sells them in other countries is

• A) a multinational firm.
• B) an exporter.
• C) an international firm.
• D) a joint venture.
• E) an importer.

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Definitions:

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of overall domestic production.

Investment

The allocation of resources, such as capital, with the expectation of obtaining an income or profit.

Corporation

is a legal entity that is separate from its owners, with its own rights and liabilities, and is created to conduct business.

Economics

The social science that studies the production, distribution, and consumption of goods and services.