The UN Global Compact Is a Set of Mandatory Rules

question 98

True/False

The UN Global Compact is a set of mandatory rules to which multinational corporations are expected to adhere. Companies that fail to comply with these rules are blacklisted by the U.S. Government.

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Definitions:

Land

A factor of production that refers to the natural resources used to produce goods and services.

Economist

A professional who studies, develops, and applies theories and principles of economics to understand how economies function and to inform policy.

Fixed Supply

A condition where the quantity of a good or resource available does not change, regardless of price.

Economic Rent

Payment to a factor of production in excess of what is needed to keep that factor in its current use.