There Will Be an Increase in Factor Demand Because of A(n)_____

question 61

Multiple Choice

There will be an increase in factor demand because of a(n) _____ in the price of the _____.

• A)increase;factor
• B)increase;good the factor produces
• C)decrease;factor
• D)decrease;good the factor produces

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Definitions:

Direct Investment

The purchase or acquisition of a controlling interest in foreign business enterprises.

Direct Investment

The purchase or acquisition of a controlling interest in foreign business enterprises, leading to influence or management rights.

Joint Venture

A global market-entry strategy in which a foreign company and a local firm invest together to create a local business in order to share ownership, control, and profits of the new company.

Exporting

The process of selling goods or services produced in one country to a buyer in another country, typically seen as the initial step in entering international markets.