1. Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:

foreign subsidiary.

licensing.

joint venture.

outsourcing.

2. How is it that people working in their own self-interest produce goods, services, and wealth for others?

The government pays entrepreneurs in the U.S. to produce goods, services, and wealth for others.

In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.

Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur's profit (as required by law) goes to the charity of one's choice to support the less fortunate.

By taking advantage of a vast supply of labor, people working in their own self-interest could hire others at very low wages.