Author Question: Wealth and income are interchangeable terms, each meaning the same in reference to social class. ... (Read 40 times)

moongchi · **on:** Jul 2, 2018

Wealth and income are interchangeable terms, each meaning the same in reference to social class.

Indicate whether the statement is true or false

Question 2

While multination corporations exploit cheap labor, they also create positive consequences (latent functions). What unanticipated positive consequence did your author identify is the result of multinational corporations?

What will be an ideal response

bigcheese9 · **Reply #1 on:** Jul 2, 2018

Answer to Question 1

FALSE

Answer to Question 2

Multinational corporations bring jobs and money to Least Industrialized Nations that otherwise would not provide them. Typically the pay that they receive, while not up to par with U.S. standards, is more than they would receive elsewhere. This creates opportunities for them to develop skills, acquire technology, and accumulate a capital base.