Question

10 Check True or False: 33. A multinational corporation does business in the home country only T F 34. Developing countries are the winners from globalization I F 35. Monopoly exists when a single firm controls the market for a product T F Participants in the informal economy always pay taxes to government T F 36.

Answer 1

Answer. 33

False, because Multi National Corporations are those industries or corporations who work globally in large number of countries. For example TATA Group, Reliance industries, GlaxoSmithKline, Mphasis, etc.

Answer. 34

True, because without international trade and commerce relations GDP of countries cannot go longer.Globalisation help countries to grow faster.For example America, USA, Germany, Italy etc.

Answer 35.

True,because monopoly in business is the art or strategy of lusturing and shifting largest number of consumers through unique planning and strategy, For example--Apple corporation, Reliance Jio, etc.

Answer 36.

False, because informal participants includes odd working people mostly. They do not earn a lot from odd jobs. So, they do not always pay taxes.