Chapter 12 Flashcards
1
Q
What is a transnational corporation?
A
A company that operates in 2 or more countries. Usually a major force affecting global economic shifts.
2
Q
What is free trade?
A
Occurs without constraints that have made trade more difficult/costly through tariffs or regulations.
3
Q
What is fair trade?
A
Fair trade is when people are given a price that allows them to live.
