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5 Cards in this Set
- Front
- Back
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What does the law of supply and demand determine?
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Supply and demand determine the prices and the quantities of the goods and services produced.
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What are the three different protectionist measures?
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Tariffs
Quotas Embargos |
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Why does the US import so many goods and services when we have the ability to produce them here in the States?
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1) Tthe Quality may be better
2) The Prices may be lower 3) Companies may import goods to resell them in other countries. |
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What countries are a part of NAFTA?
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United States
Mexico Canada |
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What are Multinational corporations?
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A company that has made a financial commitment to establish manufacturing and distribution facilities in a foreign territory.
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