Trade Unions Around the World

question 85

Multiple Choice

Trade unions around the world

• A) developed simultaneously and in coordination with each other.
• B) are widely varied in their structure.
• C) have virtually the same ideology.
• D) employ the same union structure.

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Definitions:

Gross Savings

The total amount of savings accumulated by the economy before depreciation is taken into account.

Trade Deficit

A condition in which the total cost of goods and services a country buys from abroad is greater than the total cost of goods and services it sells to other countries.

Trade Surplus

A trade surplus occurs when a country exports more goods and services than it imports, indicating a positive balance of trade.

Goods

Tangible items that are produced or manufactured and can be bought, sold, or traded.