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 overseas
D. Operating at output levels where scale economies occur

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 firms
D. Gives rise to increased amounts of market power

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 overseas
C. The purchase of bonds or stock issued by a textile company overseas
D. The creation of a wholly owned business firm overseas

____ 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 ?

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

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 productivity
D. Operating at diseconomy-of-scale output levels

________ 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 discrimination
D. Transfer pricing

The migration of employable workers from low-paying nations to high-paying nations tends to decrease ?

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

Firms undertake multinational operations in order to ?

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

American labor unions have maintained that U.S multinational corporations have been ?

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

Which business device involves the creation of a new business by two or more companies often for a limited period of time ?

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