The Marginal Rate of Substitution Is Equal to the

question 483

Multiple Choice

The marginal rate of substitution is equal to the

• A)slope of the indifference curve.
• B)ratio of the prices of the two goods.
• C)slope of the budget constraint.
• D)All of the above are correct.

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Definitions:

International Business

commercial transactions that occur across country borders, involving the exchange of goods, services, technology, and capital among nations.

Foreign Company

A business entity that is based in one country but operates and has a presence in other countries outside of its home country.

Foreign Direct Investment

An investment made by a company or individual in one country in business interests in another country, in the form of establishing business operations or acquiring business assets.

Internationalization Process

The process through which a company expands its operations beyond its national borders into the international market.