Question

The government in Chile recently informed Clint Travis' company that his retail grocery chain in Chile would have to be gradually turned over to the people of Chile by the year 2050 as it is a foreign company in Chile. Additionally, starting next year 50 percent of the board of directors of the Chilean operation of the company must be Chileans. Which of the following political risk actions is Mr. Travis' company facing in Chile?

A. Domestication
B. Confiscation
C. Expropriation
D. Socialization

Answer 1

Answer:C. Expropriation

Step-by-step explanation:

It's the taken over of private property by a sovering government for the nation or citizen benefits.