Answer:
"A"
Explanation:
Strict product liability is a law established to protect the interest of consumers , where a producer or seller of a product is liable for a defective product , even if the plaintiff demonstrated a degree of negligence.
Under this rule , any person who produces a defective goods is liable if the good should find its way into the market and causes damages to consumer .
In the question , the only point that proves that the good originated from Breakfast foods is the it profits from the sale of its waffle irons.
Answer:
B. Reduced competitive pressure by foreign firms on the domestic producers
Explanation:
An import tariff is a protectionist measure that enables domestic producers to keep a major share of the national market and lower the competition with imports.
Answer:
Independent Variable
"The longer a U.S. line worker has been employed at a U.S.-based assembly plant..."
Explanation:
The independent variable is the element or variable that is independent of another variable. In this case, "how difficult it is for the line worker to find new employment when the assembly plant moves to Mexico" a dependent variable, which depends on the length of time that the "U.S. line worker has been employed at a U.S.-based assembly plant," and not vice versa.
Answer:
D) The Agency Problem
Explanation:
The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.
in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.
From the information given, the price elasticity of demand is -5% and it can be sent that it's elastic.
The percentage change in the quantity demanded will be:
= (20 - 16) / 16 × 100
= 25%
The percentage change in price will be:
= (19 - 20) / 20 × 100
= -5%
Price elasticity of demand = 25/-5 = -5
Sincere it's greater than 1, it's elastic.
Learn more about demand on:
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