A(n) _____ Is a Citizen of One Country Who Is

question 27

Multiple Choice

A(n) _____ is a citizen of one country who is working in that country and employed by an organization headquartered in a second country.

• A) expatriate
• B) independent contractor
• C) host-country national
• D) third-country national

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Definitions:

Fixed Cost

Costs that do not change with the level of output produced, such as rent and salaries.

Profits

The financial gain obtained when the revenue from business activities exceeds expenses, costs, and taxes.

Collusion

An agreement, usually secretive, between two or more parties to limit competition and manipulate prices for their benefit.

Quantity Output

The total amount of goods or services produced by a business, sector, or economy.