The OLI Paradigm Is Part of the Mercantile Approach to MNCs

question 8

True/False

The OLI paradigm is part of the mercantile approach to MNCs in the field of development.

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Definitions:

Legal Tender

Legal tender is currency that must be accepted if offered in payment of a debt; typically issued and regulated by a government.

Physical Commodity

Tangible goods that are traded, often used as inputs in the production of other goods or services, such as oil, gold, or wheat.

Precious Metal

A classification for metals that are considered rare and have a high economic value, such as gold, silver, and platinum.

Fiat Currencies

Currencies that have value primarily because of government regulation or law, rather than a physical commodity or asset backing them.