Examlex
Lower marginal tax rates in welfare programs will increase the incentive to work.
Multinational Corporations
Companies that operate in multiple countries, managing production or delivering services in more than one country.
Low-Wage Nations
Countries where the general level of wages is significantly lower than in developed nations.
Productive
The ability to generate a significant amount of output (goods or services) per unit of input (labor, capital, etc.).
Merchandise Balance of Trade
The difference in value between a country's merchandise exports and merchandise imports over a certain period.
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