Lesson 1.3 Homework Forums

jenny

jenny

by Yining (Jenny) Zhao -
Number of replies: 0

1.Natural resources such as crude oil, natural gas, and minerals.

2.Agriculture, Fishing, Forestry, Mining , Energy production.

3.pros:Provide local employment opportunities, Facilitate technology transfer and management practices.

cons:Profits usually flow back to the parent company in another country, Limited decision-making power in the local branch.

4.Retail and wholesale businesses.

5.A country can produce a good or service more efficiently than another country. A country can produce a good or service at a lower opportunity cost than another country, meaning it sacrifices less of other goods to produce it.

6. The other country may be able to produce apples at a lower opportunity cost.