A ________ Supplier Pledges to Pay Producers in Developing Countries

question 15

Multiple Choice

A ________ supplier pledges to pay producers in developing countries a price sufficient to ensure that the workers who produce the goods receive a fair wage and that the manufacturers use environmentally sustainable practices when possible.

• A) green
• B) societal
• C) common good
• D) fair trade
• E) utilitarian

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Definitions:

Inflation

The measurement of how swiftly the overall prices of goods and services increase, eroding the power to buy.

Intermediate Products

Goods that are used in the production process to make other goods, rather than being sold directly to consumers.

Final Products

Goods that are ready for consumption by the end user and will not undergo further manufacturing or processing.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services.