Which of the Following Indicates That U

question 233

Multiple Choice

Which of the following indicates that U.S.businesses are demanding socially responsible behavior from their international suppliers?

• A)The establishment of the Equal Opportunity Employment Commission
• B)The decision of Wal-Mart to open stores globally
• C)The decision of Phillips-Van Heusen to cancel orders from suppliers that violate its ethics code
• D)The creation of the North American Free Trade Zone NAFTA)between the U.S. ,Canada,and Mexico

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Definitions:

Linear

Pertaining to a relationship or equation that can be graphically represented in a straight line, indicating a constant rate of change.

Upward-Sloping

Describes a line or curve on a graph that increases in height as it moves from left to right, often used to represent the increase in price with an increase in quantity supplied.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as the production volume is increased.

Short-Run Supply

The total quantity of goods and services that producers are willing and able to sell at a given price in the short term, considering some inputs as fixed.