Working conditions for clothing workers in Bangladesh are very poor. If countries refuse to buy clothing from Bangladesh in order to encourage change, the effect is likely to be that
A) firms will be forced to comply and workers will be better off.
B) firms will refuse to comply, but workers will be better off.
C) firms will try to comply and workers will be worse off.
D) firms will try to comply and workers will be better off.
E) regardless of how firms respond, workers will be better off.
C
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Forecasts of an inevitable exhaustion of essential natural resources are "simply beside the point" because higher prices
a. reduce quantity demanded. b. stimulate supply. c. stimulate alternative technology. d. All of the above are true.
The maximum out-of-pocket is the
A. amount of covered expense that an insurance company will have to pay before the individual pays anything. B. percentage of a covered expense that an individual will have to pay (after the deductible is met). C. percentage of a covered expense that an insurance company will have to pay (after the deductible is met). D. most of covered expense that an individual will have to pay during a year.
A natural monopoly usually arises when
A) there are diseconomies of scale in an industry. B) the government allows unrestricted access to a market. C) there are large economies of scale relative to the industry's demand. D) companies band together to form a larger company.
The relocation of production that was once done in the U.S. to foreign nations is called
A. insourcing. B. outsourcing. C. technological change. D. unfair trade.