Extraterritoriality Can Be Defined as

question 31

Multiple Choice

Extraterritoriality can be defined as

• A)the power of one nation to create trade restrictions that involve other countries.
• B)the power to regulate tariffs in foreign nations as provided for by GATT.
• C)the power of one nation to impose its laws in other countries.
• D)the power of a company to extend its subsidiaries overseas without abiding by trade laws.

---

Definitions:

Private Enterprise

Private enterprise is a business or industry that is managed and owned by private individuals or companies rather than by the state.

Production Possibility Frontier

A diagram demonstrating all possible maximal production outcomes for two commodities, subject to a combination of resources and various factors.

Bowed In

Describes a curve that is concave towards the origin, indicating increased efficiency or utility in some economics models.

Capital

Represents resources like funds, equipment, and properties used in the production of goods and services, contributing to the wealth of businesses or economies.