Choose the given statement is True/False

The Money spent on buying assets such as land, buildings, machines, and other equipment is called foreign investment.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
An investment is money used to purchase assets like real estate, buildings, machinery, and other equipment. Foreign investment is the term used to describe this investment made by foreign nations. To increase their revenues, multinational corporations make these international investments. They build workplaces and manufacturing facilities. MNCs frequently establish manufacturing in conjunction with already established businesses. Both businesses gain from this. The domestic firm receives enormous funding and more advanced technology, while the foreign corporations access the domestic company's current market. Thus, this is one method through which multinational corporations might manage manufacturing in different nations.
The correct statement would be that foreign investment is the term used to describe this investment made by foreign nations.

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