What Is One Advantage of Increased Use of Home-Country Nationals

question 24

Multiple Choice

What is one advantage of increased use of home-country nationals?

• A)They are well versed in a company's needs and norms.
• B)They are familiar with the parent-country culture.
• C)They have greater familiarity with the host-country culture.
• D)They require lower relocation costs.

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Definitions:

Circulation

In economics, circulation refers to the continuous movement and exchange of money or goods and services within an economy.

Rational Expectations

The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

Milton Friedman

An American economist and Nobel Prize winner known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.