When McDonald's Franchises into Foreign Countries, They Are Engaging in Direct

question 23

True/False

When McDonald's franchises into foreign countries, they are engaging in direct international investment.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods, often used to protect domestic industries and to generate revenue.

Quantity of Imports

The total volume or value of goods and services brought into one country from another over a specified time period.

Deadweight Loss

When a good or service's free market equilibrium is not met, a reduction in economic efficiency occurs.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.