Ensuring Consumer Safety in Using Goods and Services Is an Example

question 20

Multiple Choice

Ensuring consumer safety in using goods and services is an example of _____.

• A) social sustainability
• B) economic sustainability
• C) political sustainability
• D) environmental sustainability

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Definitions:

Pauper Labor Fallacy

The incorrect belief that importing goods from countries with lower wage levels harms the economy of the importing country.

Opportunity Cost

Giving up the chance for gain from multiple possibilities by choosing a specific alternative.

Wheat

A type of cereal grain that is grown worldwide and is a staple food in many regions, used to make products like bread, pasta, and flour.

Toys

Objects designed for play, typically used by children, that can range from simple handmade items to complex electronic devices.