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