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- What are the various ways in which MNCs set up, or control, production in other countries? Answer: Various ways in which MNCs set up, or control, production in other countries are: MNCs set up production units close to the market so that they get cheaper labour. To increase production, MNCs collaborate with some local companies as the production rate would rapidly increase. MNCs buy local companies and expand their production with help of new technology.Link: https://fiveable.me/ap-chem/unit-3/beer-lambert-law-and-absorption/study-guide/smCHzraorVz6qlWW1oeB
- They place orders for production with the small producers and sell these products under their own brand name to the customers worldwide. Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return? Answer: Developed countries want developing countries to liberalise their trade and investment so that their own companies can establish their business in the developing countries. The manufacturing costs are less in the developing nations due to the availability of cheap labour and other resources at low cost.Link: https://vocabulary.com/lists/hff5zwic/hiroshima
- Therefore, MNCs belonging to the developed nations on setting up industries in the less-expensive developing nations can earn huge profits. Also setting up factories and industries in developed countries increases competition. The developing countries should, in turn, ask for a fair removal of trade barriers in order to protect their own industries.Link: https://centralinsuranceschool.com/(X(1)S(atxgyyvp5twduuyma0bsz2kf))/Student/RetrievePassword.aspx
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- How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here. Answer: Because of foreign trade, the producers are now able to compete and export their goods to the markets of other countries. Not just the sellers, but the buyers are also being benefitted through this. Their choices have expanded as now they get to choose products manufactured by not only domestic companies but also by the foreign companies. Due to the increased competition in the market the prices of the goods have also decreased. For example, the Indian market today is flooded with several varieties of smart phones of foreign brands at competitive prices.Link: https://rivadolcesalato.it/g-body-ac-conversion.html
- This has benefited the consumers as they can choose from various options available in the market on the basis of comparing their features and prices. Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer. Answer: Globalisation will continue in the future as well. Twenty years from now: Productive efficiency will be improved Competition in the market will increase Quality of the goods will be improved Trade and capital flows will increase Advancement in every field will be evident This will occur because, twenty years from now, we will find further strengthening of the forces of globalisation.Link: https://quizizz.com/admin/quiz/5ce800444bbbf8001a5dbab2/geometry-final-exam-bianca-j-lara-s
- Fill in the blanks. Indian buyers have a greater choice of goods than they did two decades back. Markets in India are selling goods produced in many other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. Answer: Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of globalisation. This means there is increasing trade with other countries. MNCs are investing in India because of cheaper production costs. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers. Match the following. Choose the most appropriate option. Answer: b goods, services and investments between countries ii The most common route for investments by MNCs in countries around the world is to a set up new factories.Link: https://34lakm2ej73fiw6un31fez81-wpengine.netdna-ssl.com/wp-content/uploads/2018/01/Nehemiah-Student-Guide.pdf
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- Answers to Multiple Choice Quiz Questions are available at the end of the last question. Label: price, quantity, demand curve D1 , and supply curve S1 B. Show the shift in either supply or demand by drawing either D2 or S2. Graph the resulting change in equilibrium price. Answer: B Diff: 1 In this chapter, you'll get tools and strategies for uncovering that information, as well as learn tactics that'll help you avoid keyword research foibles and build strong content. Once you uncover how your target audience is searching for your content, you begin to uncover a whole new world of strategic SEO!Link: https://youtube.com/watch?v=EDa6M76oZpw
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- Practice Exam 1. Practice Exam 1 - Answer Key. Practice Exam 2. Practice Exam 2 - Answer Key. Practice Final Exam. Practice Final Exam - Answer Key economics chapter 4 quizchapter 4 demand and elasticity worksheet answer key. Because income elasticity of demand reports the responsiveness of quantity demanded to a change in income, all other things unchanged including the price of the good , it reflects a shift in the demand curve at a given price. Economics chapter 4 demand test answer key. Economics chapter 4 demand test answer key Essays. Consider the following examples of test items, all of which are testing the same idea in each case, approximately two-thirds of the tested students did not correctly answer the question : From the New York State Regents Exam: To get from his high school to his home, Jamal travels 5.Link: https://en.wikipedia.org/wiki/Chevron_Corporation
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Wednesday, April 21, 2021
Economics Chapter 4 Test Answers
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