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All else equal, when the demand for oil increases, the price will increase. Some economists say that this is only a short-run worry because in the long run a more elastic supply curve will benefit consumers. Do you agree? Explain.
International Firm
A business entity that operates in multiple countries outside of its original or home country.
Expatriates
Employees who are sent by their employers to live and work in a foreign country for an extended period.
Host-Country Nationals
Employees who are natives of the host country.
Labour Costs
The total sum of all financial expenses associated with the employment of workers, including wages, benefits, and taxes.
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