What Concept Refers to a Global Economy in Which Multinational

question 2

Multiple Choice

What concept refers to a global economy in which multinational corporations exploit people in low-income nations?

• A)colonialism
• B)corporate slavery
• C)neocolonialism
• D)international bondage

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Definitions:

Soccer Players

Athletes who play soccer, contributing to the sports industry's economy through their skills, performances, and endorsements.

Compensating Differential

Additional wages or benefits offered to employees to compensate for unpleasant aspects of a job or working conditions.

Productivity Factors

Elements that contribute to the output and efficiency of production, such as labor skill levels, technology, and innovation.

Pay Gap

The difference in average earnings between any two groups within the workforce, often used to discuss the disparity between genders or ethnic backgrounds.