Joint ventures lead to national welfare gains if the newly established business yields productivity increases that would have been unavailable if each parent performed the same function separately.

Question

Quizplus · Accepted Answer

Joint ventures can lead to productivity increases and technological advancements that may not have been possible if the parent companies worked independently. This can lead to national welfare gains as the economy becomes more efficient and competitive. Therefore, the statement is true.

Joint Ventures Lead to National Welfare Gains If the Newly