Engaging in the International Division of Labor So as to Obtain

question 189

Multiple Choice

Engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country is referred to as

• A) franchising.
• B) licensing.
• C) market entry strategy.
• D) outsourcing.
• E) activity.

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Definitions:

Import Quotas

Limits imposed by a government on the quantity or value of certain goods that can be imported into a country during a specific time.

U.S. Exports

Goods or services produced in the United States and sold to other countries, contributing to the country's economy and trade balance.

Plasma TVs

A type of television display technology that utilizes small cells containing electrically charged ionized gases to produce images.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.