An Expatriate

question 47

Multiple Choice

An expatriate

• A)works for a company in an assignment in another country.
• B)is an employee who has left the firm to join another company.
• C)works in a country other than their country of origin.
• D)is alien working for a U.S.company in the U.S.

---

Definitions:

Property Rights

Legal rights to use, control, and benefit from a resource.

Free-Rider Problem

A situation where individuals consume a public good without contributing to its cost, leading to underprovision or overuse.

Coase Theorem

A principle that asserts that if property rights are clearly defined and transaction costs are low, private negotiations will lead to the efficient resolution of disputes regardless of initial distribution of rights.

Property Rights

Legal rights that determine the ownership and use of resources such as land, buildings, and intellectual property.