In a Case Alleging That a Foreign Government Wrongfully Confiscated

question 30

True/False

In a case alleging that a foreign government wrongfully confiscated a domestic firm's property, the foreign government must prove the taking was an expropriation.

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Definitions:

Constant Returns

A situation in which the rate of increase in output is directly proportional to the increase in inputs in the production process.

Scale

The size or level of operation, indicating the scope or extent of something, often used in discussions of production or economic activities.

Production Function

An economic model that describes how output is created by varying inputs of production like labor and capital.

Technological Knowledge

Society’s understanding of the best ways to produce goods and services.