_____ Is a Phrase That Refers to the Low Cost

question 55

Short Answer

_____ is a phrase that refers to the low cost of products produced in China given its low wages.

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Definitions:

Risk of Loss

The potential for an investment or transaction to result in a decrease in value or financial loss.

Identified

Recognized or established as being a particular entity or thing.

Contract

A legally binding agreement between two or more parties that outlines rights and duties towards one another.

Voidable

A legal term describing a transaction or agreement that may be annulled or voided at the discretion of one party.