The bigger the arc in the utility curve, the _________ the utility an individual obtains from a certain outcome as opposed to the ________________ from an uncertain gamble with the same expected payoff.

The decrease in social surplus from a market distortion is referred to as:

A) deadweight loss. B) market loss. C) revenue loss. D) Pareto loss.

_____ advantages refer to the mode of entry abroad.

a. Locational, or country-specific b. Environmental c. Internalization d. Externalized e. Ownership, or firm-specific