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Chapter 29 (advantages of those multinationals operating in Vietnam (jobs…
Chapter 29
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multinational businesses
definition
are those with factories, production or service operations in more than one country. Also known as transnational businesses
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tariffs and quotas
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examples
quotas
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Organization of Petroleum Exporting Countries sets a production quota for crude oil in order to "maintain" the price of crude oil in world markets
tariffs
The U.S. tariff rate on light trucks, such as pickup trucks and SUVs, has been 25% since 1965.
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