A Local Operation That Is Completely Owned and Controlled by a Foreign

question 72

Short Answer

A local operation that is completely owned and controlled by a foreign company is called a(n) __________.

---

Definitions:

Fixed Supply

A situation where the quantity of a good available is constant and does not change in response to price changes.

One-Of-A-Kind

Unique, without any identical counterpart.

Pure Rent

Payment to a factor of production (land, specifically) in excess of what is needed to keep it in its current use.

Fixed Supply

A situation where the quantity of a good, service, or resource is limited and cannot be changed in the short run, often leading to inelastic supply.