What Are Foreign-Produced Goods and Services That Are Sold Domestically

question 26

Multiple Choice

What are foreign-produced goods and services that are sold domestically called?

• A) imports
• B) exports
• C) net imports
• D) net exports

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Definitions:

Trade Unions

Organizations that represent the interests of workers in negotiations with employers over wages, work conditions, and employee rights.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, focused on improved labor conditions and wages.

Management

The act of directing and controlling a group of people or an organization to achieve a goal through the use of resources efficiently and effectively.

Bargaining

The process of negotiating the terms of an agreement or transaction between parties with differing interests.