Economic Globalization and Trade Quiz

Transnational Corporation (TNC)

Modern World System

Nations whose natural resources and labor support wealthier countries

<p>The manufacturing base of the planet</p> Signup and view all the answers

<p>Semi-periphery countries</p> Signup and view all the answers

<p>Promoting international commerce through trade, transportation, and communication systems</p> Signup and view all the answers

<p>Creating barriers to protect the domestic economy from foreign competition</p> Signup and view all the answers

<p>Transferring manufacturing jobs from developed nations to reduce product costs</p> Signup and view all the answers

<p>An agreement made between governments to reduce or eliminate trade barriers</p> Signup and view all the answers

<p>It creates international, tradable goods and services without any limitations</p> Signup and view all the answers