Relations Between Governments and MNCs Are Generally Positive If the Investment

question 85

Multiple Choice

Relations between governments and MNCs are generally positive if the investment:

• A) increases the volume of imports.
• B) uses globally produced resources.
• C) transfers capital, technology, and/or skills.
• D) brings in more number of foreign nationals.
• E) decreases the volume of exports.

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Definitions:

Long-Run Average Cost Curve

A curve showing the lowest possible cost at which a firm can produce any given level of output in the long run when all inputs are variable.

Downward Sloping

Describes a line or curve on a graph that shows a decrease in value as it moves from left to right, often used in economics to describe how changes in price affect demand.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Health Insurance Costs

The expenses associated with medical policies that cover the cost of medical services for the insured.