It Is Possible for the U

question 73

True/False

It is possible for the U.S. to gain from trade with Germany even if it takes U.S. workers fewer hours to produce every good than it takes German workers.

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Definitions:

Product Liability

The legal field that holds manufacturers, distributors, suppliers, and retailers accountable for injuries caused by their products.

Legal Liability

The legal responsibility to compensate for harm or wrongdoing established under civil law, subjecting individuals or entities to legal consequences.

Manufacturers

Entities engaged in the production of goods from raw materials through the use of machines and labor.

Injuries Or Damages

Physical harm to a person or deterioration or loss to property, respectively, which may be subject to compensation through legal claims.