​Generally, MNCs with Less Foreign Revenues Than Foreign Costs Will

question 12

Multiple Choice

​Generally, MNCs with less foreign revenues than foreign costs will be ____ affected by a ____ foreign currency.

• A) ​favorably; stronger
• B) ​favorably; weaker
• C) ​not; stronger
• D) ​not; weaker

Recognize the impact of personal decisions on financial planning, including opportunity costs.

Comprehend different financial institutions and their roles in personal finance.

Calculate the impact of interest rates on savings and investments.

Understand the components of financial planning and their importance.

---

Definitions:

Specialized Resources

Inputs in the production process that have specific uses and are not easily adaptable to other types of production.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service with a smaller opportunity cost compared to its rivals.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.

Total Output

The total quantity of goods or services produced by a firm or an economy in a specific period.