Consider the following statements.
Assertion (A): The major economic powers have succeeded in creating a new international regime where the profits and the dominance of their transnational corporations will be the decisive consideration.
Reason (R): This regime will legitimize the process of progressive erosion of the sovereign economic space of the third-world countries.
A. Both (A) and (R) are correct and (R) is the right explanation of (A)
B. Both (A) and (R) are correct, but (R) is not the right explanation of (A)
C. Both (A) and (R) are incorrect
D. (R) is correct, but (A) is not correct
Answer: Option B
This Question Belongs to Commerce >> Business Environment And International Business
Join The Discussion