Nike Came Under Fire from Critics Who Alleged Poor Working

question 23

Multiple Choice

Nike came under fire from critics who alleged poor working conditions in the factories that make the company's athletic shoes.This is an example of the demand for:

• A)labor unions.
• B)equal opportunity employment.
• C)higher wages.
• D)standards for working conditions.
• E)corporate social responsibility.

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Definitions:

Marginal Cost

The additional expense incurred from producing one more unit of a good or service.

Standardized

Made uniform in form or character, often to enable comparability across different contexts or systems.

Perfectly Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogenous product, leading to no single consumer or producer having market power.

Short Run

A period in economics where at least one factor of production is fixed, and firms can't adjust all inputs.