According to the Text,investigation of Export and Import Data Shows

question 149

Multiple Choice

According to the text,investigation of export and import data shows

• A) there is a strong relationship between global sourcing and ownership of the foreign sources.
• B) there is no relationship between global sourcing and ownership of the foreign sources.
• C) that American firms, but not Japanese firms, buy from their U.S. subsidiaries.
• D) American firms import twice as much from their overseas subsidiaries than foreign firms import from their U.S. affiliates.

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Definitions:

Command System

An economic system where government decisions determine resource allocation and production choices.

Planning Board

A governing body or committee responsible for setting policies, goals, and procedures related to urban planning, development, and infrastructure projects.

Private Ownership

The legal rights of individuals or corporations to own property and assets, excluding governmental entities.

Economic Growth

(1) An outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology; (2) an increase of real output (gross domestic product) or real output per capita.