Chapter twelve Flashcards
1
Q
What is the EU?
A
European union
2
Q
What is the euro?
A
The name of the single European currency that went into circulation on January 1 2002
3
Q
What is TNC?
A
Transnational corporations
4
Q
What is GDP per capita?
A
GDP divided by population
5
Q
What is a subsidy?
A
Direct financial help such as loans or lower taxes that the government provides to an industry
6
Q
What is containerization?
A
A shipping method in which large amounts of goods are packaged into large containers for efficient transport and handling
7
Q
What is a subsidiary?
A
A company that ss owed and controlled by a large corporation
