11 Which of the following refers to associations of producers that control supply and prices? O a. Trade alliances O b. Multinational firms O c.Independent agencies O d. Cartels O e. Trade monopolies 12 Which of the following provides exclusive rights to produce a product for another firm, thereby avoiding transportation costs and tariffs? O a. Strategic alliance O b. Independent agent O . Foreign direct investment O d. Branch office O e. Licensing arrangement
11 Which of the following refers to associations of producers that control supply and prices? O a. Trade alliances O b. Multinational firms O c.Independent agencies O d. Cartels O e. Trade monopolies 12 Which of the following provides exclusive rights to produce a product for another firm, thereby avoiding transportation costs and tariffs? O a. Strategic alliance O b. Independent agent O . Foreign direct investment O d. Branch office O e. Licensing arrangement
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:11
Which of the following refers to associations of producers that control supply and
prices?
a. Trade alliances
O b. Multinational firms
O c. Independent agencies
O d. Cartels
O e. Trade monopolies
12
Which of the following provides exclusive rights to produce a product for another
firm, thereby avoiding transportation costs and tariffs?
O a. Strategic alliance
O b. Independent agent
O c. Foreign direct investment
O d. Branch office
e. Licensing arrangement
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