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:

Federal Insurance Contribution Act

A U.S. law requiring a deduction from employees' paychecks and a contribution from employers to fund Social Security and Medicare.

Annual Wage Base

The maximum amount of income that is subject to certain taxes or benefits calculations within a calendar year.

Loss Of Income

Financial detriment resulting from an inability to work due to injury, business interruption, or other reasons, leading to a temporary or permanent lack of earnings.

Fair Labor Standards Act

The Fair Labor Standards Act (FLSA) is a U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.