Which of the Following Is a Measure Taken by Governments

question 28

Multiple Choice

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

• A)Levying import taxes to lower the prices MNCs charge for their products
• B)Imposing bribes against MNCs so they have to operate unethically
• C)Forcing MNCs to adopt less efficient technology
• D)Preventing the formation of labor unions
• E)Imposing export taxes to force MNCs to share more of their profits

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Definitions:

Profit-maximizing

The method or tactic of modifying output and setting prices to maximize profits.

ATC

It refers to dividing the entire cost of production by the number of units produced to get the Average Total Cost.

AVC

The variable cost for each unit of production, known as Average Variable Cost.

AFC

Stands for Average Fixed Cost, which is the fixed costs divided by the quantity of output produced, illustrating how fixed costs spread over units decrease as quantity increases.