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
Guest worker programs usually result in temporary migration of workers from ?
A. impoverished countries to impoverished countries
B. impoverished countries to wealthy countries
C. wealthy countries to wealthy countries
D. wealthy countries to impoverished countries
A. electrician unions in the high-paying nations
B. electrician unions in the low paying nations
C. electrician employers in the high-paying nations
D. electricians who stay in the low 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 world
C. increase business or capitalist incomes in the high-paying nations
D. increase business or capitalist incomes in the low-paying nations
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
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