The Realization That Companies Can Start Production in the Most

question 53

Multiple Choice

The realization that companies can start production in the most efficient and productive locations in the world and export to markets worldwide led to a new surge of foreign direct investment into ________.

• A) First World nations
• B) low-income nations
• C) high-income nations
• D) newly industrialized nations

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Definitions:

Eli Whitney

An American inventor best known for inventing the cotton gin, a significant invention in the agricultural sector.

Thomas Edison

An American inventor and entrepreneur who developed many important devices in the late 19th and early 20th centuries, including the electric light bulb and the phonograph.

Cotton Gin

A machine invented by Eli Whitney in 1793 to quickly and efficiently separate cotton fibers from their seeds, revolutionizing the cotton industry.

Interpersonal Strategies

Actions that involve group members generating ideas and building on each other’s ideas.