Chp 3 vocab
The difference between a country’s total exports and total imports is called
Business dealings involving companies that do business in only one state.
What is "intrastate commerce"
Refers to the duty of a business to contribute to the well-being of a community
The amount a country owes to other countries is called
Occurs when the environment is tainted with the by-products of human actions.
This occurs when an individual’s or company’s actions result in an unfair benefit
A set of rules guiding the actions of employees is called
Government actions that restrictions are made for free trade
Protects creative work of authors, composers, and artists
An organization that supplies a service or product vital to all people
Removing workplace barriers for women and accommodating employees who are physically challenged are ways a business can contribute to
The three main factors that affect currency exchange rates among countries are the country’s balance of payments, economic conditions, and ____
Saving scarce resources is called
Laws that promote competition and prevent such practices as false advertising and misleading labeling
What is "Antitrust laws"
The single largest employer in the U.S. economy is
What is" state, local, and federal government"
The three key effects on a country’s level of economic development are technology, agricultural dependency and ___
Clauses in labor contracts that pertain to employee health and safety while on the job.
The four elements of a legal contract are agreement, competent parties, legality, and ____
Which of the following tends to discourage international trade?