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____________________ refused Southern requests to withdraw federal troops from Fort Sumter.
Multinational Corporations
Large corporations that operate and provide goods or services in multiple countries, often having significant economic, political, and cultural influence.
Low-Wage Countries
Nations with a general level of income that is much lower than the global average, often associated with high levels of poverty.
Neoclassical Economists
Economists who follow the neoclassical school of thought, focusing on supply and demand as drivers of price, output, and allocation of resources in markets.
Free Markets
Economic systems in which prices for goods and services are determined by the open market and by consumers, with minimal governmental intervention or regulation.
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