Based on the fact that the companies Ford, IBM, PepsiCo, and McDonald's own and operate producing units in many different countries, they are categorized as:
a. joint ventures.
b. sole proprietorship firms.
c. partnership firms.
d. multinational firms.
e. co-operative firms.
Question 2
Improving the level of education of the labor force will:
a. move the economy from a point inside the production possibilities curve to a point on the production possibilities curve.
b. move the economy from a point on the production possibilities curve to a point inside the production possibilities curve.
c. shift the production possibilities curve outward.
d. shift the production possibilities curve inward.
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