Candace Is a Flight Attendant for a Large, International Airline

question 2

Multiple Choice

Candace is a flight attendant for a large, international airline. While in China, Candace often finds look-alikes in famous designer brands of watches, handbags, clothing, and golf clubs. In fact, she'll do her Christmas shopping there and will even buy good-quality items for auctioning at her son's preschool events back in the U.S. Candace's actions demonstrate

• A) a continual problem with product piracy in China.
• B) how expensive it is to trade with China. People who travel there are really the only ones who can benefit from China trade.
• C) the low level of economic development in China, and the fact that only tourists can afford to purchase name-brand goods in that nation.
• D) the World Trade Organization's encouragement of China to increase its production of counterfeit goods because there is a high demand for these globally.

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Definitions:

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

In Rem

A legal term referring to a procedure or action directed against property, rather than against a particular person.

Foreclosure Action

A legal process initiated by a lender to repossess and sell a property due to the borrower's failure to meet mortgage agreement terms.

Jurisdiction

The official power to make legal decisions and judgments, often within a specific geographical area or over particular types of cases.