TNCs Often Set Up Production Facilities in Export Processing Zones

question 18

Multiple Choice

TNCs often set up production facilities in export processing zones for which of the following reasons?

• A) cheaper labor and fewer worker protections
• B) fewer worker protections and better managerial capabilities
• C) better managerial capabilities and better labor-management relations
• D) better labor-management relations and simpler employment contracts

Calculate equilibrium price and quantity in the presence and absence of government interventions.

Evaluate the economic effects of different government policies on producer and consumer welfare.

Interpret supply and demand equations to determine market outcomes.

Understand the concept of producer and consumer surplus, and calculate changes in these surpluses due to market interventions.

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Definitions:

Cephalization

Having a well-recognized anterior head with a brain and sensory receptors.

Nematocysts

Specialized cells in the tentacles of cnidarians (such as jellyfish) that discharge a barbed or venomous coiled thread in response to touch.

Cnidarians

A phylum of aquatic invertebrate animals that includes jellyfish, corals, and sea anemones, characterized by their cnidocytes.

Filter Feeders

Organisms that feed by straining suspended matter and food particles from water, usually by passing the water over a specialized filtering structure.