A Multinational Corporation May Be Defined as

question 28

Multiple Choice

A multinational corporation may be defined as

• A)a company that owns property in a foreign country.
• B)a company that hires foreign laborers.
• C)a company that carries on some business activity outside of its own national borders.
• D)More than one of the options.

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Definitions:

Shortage

A situation where the demand for a product or service exceeds the supply available at a given price.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand.

Government Imposes

Refers to regulations, taxes, or policies that a government enforces or puts into effect in order to manage the country's affairs.

Floor

The minimum price or wage level that is legally or otherwise formally set, below which the actual price or wage cannot fall.