Shell case study mark scheme

IB Economics: Shell case study mark scheme

Questions:(a) Define the following terms:i. multinational company [2 marks]A corporation that owns or controls production facilities in a different country from where they are based.ii. external costs [2 marks]A cost imposed on a third party, in this case the Nigerian farmers, who are not connected to the activity creating the cost, in this case Shell"s drilling of oil in the nation.

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