Growing International Interdependence and a Desire for a Long-Term Competitive

question 87

Multiple Choice

Growing international interdependence and a desire for a long-term competitive advantage puts pressure on companies to:

• A) be concerned about the well being of other countries.
• B) take advantage of cheap labor in other countries.
• C) acquire the natural resources of other countries.
• D) decrease sales in the United States.
• E) increase government regulation of international business.

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Definitions:

Participants

Individuals or entities that take part in a process or activity.

Factors Of Production

The resources used in the production of goods and services, which include land, labor, capital, and entrepreneurship.

Inputs

The resources such as labor, materials, and capital that are used in the production process to produce goods and services.

Spending By Households

Total expenditures made by individual consumers on goods and services in an economy.