Chapter 1.6 - Multinational companies (MNCs)

Question 1

Gross domestic product (GDP)

Answer 1

The value of a country’s annual output or national income

Question 2

Host country

Answer 2

Any nation that allows a multinational company to set up in its country

Question 3

Multinational company (MNC)

Answer 3

An organization that operates in two or more countries, with its head office usually based in the home country

Question 4

Protectionist policies

Answer 4

Measures imposed by a country to reduce the competitiveness of imports, such as tariffs, quotas, and restrictive trade practices