MNCs Often Attempt to Set Up Production in Locations Where

question 48

True/False

MNCs often attempt to set up production in locations where land and labor are expensive, because expensive factors of production indicate high demand.

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Definitions:

Imported Tires

Tires that are manufactured outside a country and are brought in through trade.

Stimulus Plan

A package of economic measures put together by a government to stimulate a floundering economy.

Immigration

The action of coming to live permanently in a foreign country.

Foreign Tourists

Visitors from other countries who travel to a different country for leisure, business, or other purposes, contributing to the host country's economy.