Since the United States Imports a Large Quantity of Textiles

question 86

Multiple Choice

Since the United States imports a large quantity of textiles from Asia,the overall wages of U.S.textile workers have _____,while the price of textiles in the United States has _____.

• A)decreased;decreased
• B)increased;decreased
• C)decreased;increased
• D)increased;not changed

---

Definitions:

Legally Enforceable

Pertains to an agreement or contract that is recognized by law and can be upheld or imposed by a court.

Legal Detriment

In contract law, doing (or promising to do) something that one has a legal right not to do, giving up (or promising to give up) something that one has a legal right to keep, or refraining from doing (or promising not to do) something that one has a legal right to do.

Hamer v. Sidway

A landmark 1891 New York Court of Appeals case that established the principle of forbearance (refraining from an action) as valuable consideration in contract law.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.