1. The United States represents a highly advanced and resource rich economy. Would it be economically efficient for us to be completely self sufficient and produce domestically all that we consume?
True or False
2. Even though the nation faces political instability, the island of Frollik with its wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park business showed strong interest in buying land in Frollik, including beachfront property, with the intent of building an entertainment park targeted toward families. The theme park company wants to make a commitment to Frollik, including the hiring of several hundred local employees. The theme park company is using a global marketing strategy called ____________.
1. Strategic Alliance
2. Joint Venture
3. Foreign Direct Investment
4. Licensing Agreement