Organizations That Conduct Business Operations Across National Borders Are Called

question 16

Multiple Choice

Organizations that conduct business operations across national borders are called

• A) protectionists.
• B) national firms.
• C) multinational corporations.
• D) domestic companies.
• E) all of the above

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Definitions:

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource.

Marginal Revenue Product

Marginal revenue product is the additional revenue generated from the use of one more unit of a variable input, holding other inputs constant.

Productive

The ability to produce a substantial amount of goods or services, or doing so efficiently.

Wage Differentials

Wage differentials are the variations in wage rates due to the differences in occupation, industry, geographic location, or within a company, among other factors.