Metro Hotels, a U

question 65

Multiple Choice

Metro Hotels, a U.S.hotel chain, has transferred several of its employees to Myanmar where they will work for three or four years before returning to the United States.The employees will be working with a Myanmar hotel to provide it with their extensive knowledge regarding how to run a hotel.Metro is most likely involved in a ________.

• A)franchise
• B)turnkey operation
• C)joint venture
• D)management contract

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Definitions:

Households

The basic economic units consisting of all individuals who live together and make joint decisions on consumption and labor supply.

Firms

Entities that produce goods or provide services, typically with the aim of making a profit.

Monetary Policy

The actions of a central bank, currency board or other regulatory authorities that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Circular-Flow Diagram

A visual model showing the interactions between households and firms in an economy, illustrating the flows of goods and services and factors of production in markets.