Final answer:
If a government seizes the assets of an MNC without adequate compensation, this is known as expropriation. Expropriation implies that the compensation provided is inadequate, contrasting with nationalization which may involve fair compensation.
Step-by-step explanation:
If a government were to seize the assets of a multinational corporation (MNC) and not provide adequate compensation to the owners, the government would be following the practice of expropriation.
Expropriation is similar to nationalization, where a government takes control of economic assets, but it specifically refers to taking assets without fair compensation. While nationalization may involve adequate or even generous compensation to the original owners, expropriation implies that the compensation is inadequate or non-existent.
This practice is distinct from privatization, which is the process of transferring government-owned assets to the private sector, and globalization, which refers to the increasing interconnectedness of economies and cultures across the world.
Therefore, the correct answer is c) Expropriation.