Single Answer MCQ
Q-00045574
How does the liberalisation of trade benefit multinational corporations (MNCs)?
1
It increases competition in their home countries.
2
It restricts their market access in developing countries.
3
It allows them to access new markets and reduce costs.
4
It mandates higher labor standards globally.
Answer and Solution
Answer
C. It allows them to access new markets and reduce costs.
Solution:
Liberalisation allows MNCs to access new markets, often resulting in reduced production costs and increased profits by exploiting lower costs in developing countries.
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