Exam 4: Economic Development of Nations

The measure of the value of production that occurs within a country's borders without regard to whether the production is done by domestic or foreign factors of production is its ________.

The relative ability of two countries' currencies to buy the same basket of goods in those two countries is called ________.

Expropriation is the term used to describe a host-country government seizing the assets of a foreign corporation and providing no compensation in return.

The ________ of a country is its gross national product divided by its population.

Barter is an alternative for buyers who lack money needed to pay for exports.

Political risk occurs when the property of an MNE is threatened through either confiscation or expropriation.