Question

Which of the following statements is true of expropriation?

1) Expropriated assets are seized by the International Trade Administration.
2) Expropriation is more gradual than domestication.
3) Expropriated assets often become nationalized.
4) Expropriated assets are insured by the Overseas Private Investment Corporation.
5) Expropriation is the seizing of a company's assets without payment.

Answer 1

Expropriation is the act of seizing a company's assets without payment, and often results in the assets becoming nationalized.

Step-by-step explanation:

Expropriation is the act of seizing a company's assets without payment. It is the process by which a government takes control of private property, such as land or an entire industry.

Regarding the options given:

1. Expropriated assets are not seized by the International Trade Administration. The correct answer is not option 1.
2. Expropriation is not more gradual than domestication. The correct answer is not option 2.
3. Expropriated assets often become nationalized. The correct answer is option 3.
4. Expropriated assets are not insured by the Overseas Private Investment Corporation. The correct answer is not option 4.
5. Expropriation is the seizing of a company's assets without payment. The correct answer is option 5.

Therefore, the correct statements about expropriation are:

1. Expropriated assets often become nationalized.
2. Expropriation is the seizing of a company's assets without payment.