Economics MCQs

A. Enjoy unfair advantage in taxation
B. Export jobs by shifting technology overseas
C. Export jobs by shifting investment overseas
D. Operating at output levels where scale economies occur

A. Adds to the pre-existing productive capacity
B. Enters markets neither parent could have entered individually
C. Yields cost reductions unavailable to parent firms
D. Gives rise to increased amounts of market power

A. The construction of a new auto assembly plant overseas
B. The acquisition of an existing steel mill overseas
C. The purchase of bonds or stock issued by a textile company overseas
D. The creation of a wholly owned business firm overseas

A. 1. export led growth
B. 2. import substitution
C. 3. dynamic hedging
D. 4. countervailing duties

A. Sharing research and development cost among corporations
B. Forestalling protectionism against imports
C. Establishing work rules promoting higher labor productivity
D. Operating at diseconomy-of-scale output levels

A. Marginal cost pricing
B. Full cost pricing
C. Price discrimination
D. Transfer pricing

A. Total wage income in the world
B. Wage disparities
C. Business or capitalist income in the world
D. The productivity of labor

A. Hire low-income workers
B. Manufacture in nations they have difficult exporting to
C. Obtain necessary factor inputs
D. All of the above

A. Exporting american jobs by investing overseas
B. Exporting american jobs by keeping investment in the u.s
C. Importing cheap foreign workers by shifting u.s investment overseas
D. Importing cheap foreign workers by keeping u.s investment at home

A. Multinational corporation
B. International joint venture
C. Horizontal merger
D. Vertical merger