In Modern Times, It Is Not a Country Per Se

question 5

Multiple Choice

In modern times, it is not a country per se but rather a controller of capital and know-how that gives the country in which it is domiciled a comparative advantage over another country. These controllers of capital and technology are

• A)the state.
• B)the multinational corporations (MNCs).
• C)portfolio managers of international mutual funds.
• D)none of the above

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Definitions:

Canadian Firms

Businesses or corporations that are registered, operate, or are headquartered in Canada, contributing to the national economy.

Transnational Corporations

Large companies that operate in multiple countries across the globe, beyond their home country’s borders.

Multinational Decisions

Strategic choices made by companies operating in multiple countries to balance global efficiencies and local responsiveness.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against others.