Which of the Following Is a Company with Business Operations

question 56

Multiple Choice

Which of the following is a company with business operations in more than one country?

• A)A nongovernmental organization
• B)An international organization
• C)A multinational corporation
• D)A global entity

Understand the basic concepts of international trade, including importing and exporting.

Analyze the impact of world prices on a country's trade behavior (exporting and importing).

Apply the concept of comparative advantage to determine trade patterns between nations.

Identify factors that influence a nation's decision to specialize in the production of certain goods.

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Definitions:

Nominal Exchange Rate

The rate at which one country's currency can be traded for another country's currency, not adjusted for inflation.

Rand

The official currency of South Africa, symbolized as ZAR.

Trade Balance

A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.

Imports

Goods or services brought into one country from another for sale, which can affect a nation's economy in various ways.