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Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 8CQ

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Please Fill in the blank for the following:

is the manufacturing and/or sale of goods and/or services to satisfy the wants and needs of consumers to make a profit. ___

The domestic ________________________ is comprised of customers who live in the country where the business operates.

Industries characterized by providing services to consumers and other businesses are known as ______________industries.

A factory owned by a company based in another country is called a _________________ plant.

The reliance of two or more nations on each other for products or services is referred to as ________________________

A(n) ________________________ market is comprised of customers who live in a different country than the one where the business operates.

The type of business that creates, ships, and sells goods and services between producers, companies, and consumers located in different countries is an __________________ business.

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