Given below are two statements: Statement I: Thousands of small firms in developing countries have closed their operations due to intense competition from large MNCs. Statement II: MNCs have played a significant role in the development of poor countries by transfer of technology, introducing best management practices, and helping to improve productivity. In light of the above statements, choose the correct answer from the options given below:

Question

Economics · International Business

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are true

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Answer 1

Both Statement I and Statement II are true

Answer 2

Both Statement I and Statement II are false

Answer 3

Statement I is true but Statement II is false

Answer 4

Statement I is false but Statement II is true

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