The item is followed by three dots
Answer:
right to <u>the consumer</u>.
Explanation:
According to the customer bill of rights, in this doctrine the consumers' enthusiasm should obtain adequate and compassionate deliberation in the formulation of the government strategy is identified as the right to<u> the consumer</u>. Proceeding from March 15 the year 1962, President John F. Kennedy portrayed a conversation to the Congress of the US in which the president extolled 4 fundamental customer powers, following described as Consumer Bill of Rights. The UN by the UN guide-manual for Consumer Protection extended those into 8 equities, and consequently, Consumers International affirmed those equities as law and began identifying on 15 of the March as World Consumer Rights.
Answer:
The correct answer is option b.
Explanation:
In an open economy, domestic firms have to face competition from the foreign producers. If firms face losses in the long run, because of import competition, these firms will leave the industry.
As the number of domestic firms get reduced, the demand curve of the other firms will become flatter. This happens because of the foreign firms that bring in a large variety of goods in the domestic market.
Answer:
B and C
Explanation:
The correct statements about the factor-price equalization and the effects of transportation costs are:
- Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices.
- Transportation costs prevent product prices from equalizing.
Answer:
the farm would face trade offs in production of apples or oranges
Explanation:
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