Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations.
b. It develops joint ventures with foreign firms.
c. It owns and operates production facilities in more than one country.
d. It employs agents in various countries to sell their products abroad.
e. It holds patents on its products and services.
Question 2
A devastating earthquake destroys ten percent of the population in California. As a result:
a. California's production possibility curve shifts outward.
b. California moves up and to the left along its production possibilities curve.
c. California moves down and to the right along its production possibilities curve.
d. California's production possibility curve shifts inward.
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