Guest worker programs usually result in temporary migration of workers from ? A. impoverished countries to impoverished countriesB. impoverished countries to wealthy countries C. wealthy countries to wealthy countries D. wealthy countries to impoverished countries
The migrations of electricians from low-paying nations to high-paying nations is most likely to be challenged by ? A. electrician unions in the high-paying nations B. electrician unions in the low paying nations C. electrician employers in the high-paying nations…
The migration of employable workers from low-paying nations to high-paying nations will ? A. decrease wage rates in the low-paying nations B. decrease productivity and real output in the worldC. increase business or capitalist incomes in the high-paying nations D.…
International joint ventures can lead to welfare losses when the newly established firm ? A. adds to the pre-existing productive capacity B. enters markets neither parent could have entered individually C. yields cost reductions unavailable to parent firmsD. gives rise…
Accusations of American labor unions against U.S multinational firms include all of the following except ? A. enjoy unfair advantage in taxation B. export jobs by shifting technology overseas C. export jobs by shifting investment overseasD. operating at output levels…
Multinational corporations face problems since they ? A. cannot benefit from the advantage of comparative advantageB. may raise political problems in countries where their subsidiaries operate C. can only invest at home but not overseas D. can only invest overseas…
All of the following are potential advantages of an international joint venture except ? A. sharing research and development cost among corporations B. forestalling protectionism against imports C. establishing work rules promoting higher labor productivityD. operating at diseconomy-of-scale output levels
____ was a strategy for industrial development popular in Latin America in the 1950s 1 1960s for promoting domestic production by erecting high protective tariffs on imports of manufactured goods ? 1. export led growth2. import substitution 3. dynamic hedging…
Which of the following is not an example of foreign direct investment ? A. the construction of a new auto assembly plant overseas B. the acquisition of an existing steel mill overseasC. the purchase of bonds or stock issued by…
________ refers to the price charged for products sold to a subsidiary to a multinational corporation b another subsidiary in another country? A. marginal cost pricing B. full cost pricing C. price discriminationD. transfer pricing