Exam 2: Clicker Questions

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What problem of overlapping governmental jurisdictions is inherent in all multinational corporations?

Extraterritoriality

Only in communist countries do governments own the factors of production

False

The percentages of household expenditures on food and beverages in industrialized nations are ___ those in developing nations

Lower than

Where litigation in international disputes should occur is

Often complex, so contracts should include choice-of-law and choice-of-forum clauses

The World Bank categorizes countries based on GNI per capita, using the following categories:

• high-income economies • Middle-income economies • Low-income economies

Nationalization and privatization are

opposing trends


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