With Used or Secondhand Goods, What Is Fit for Normal

question 21

Multiple Choice

With used or secondhand goods, what is fit for normal use is generally:

• A) a higher standard than with new goods.
• B) a lower standard than with new goods.
• C) the same standard as with new goods.
• D) not applicable since the goods are not new.

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Definitions:

Home Countries

Refers to the countries where multinational corporations are headquartered.

Implicit Costs

Expenses that are not directly paid for or incurred in cash, representing the opportunity cost of using resources owned by the business.

International Migrants

Individuals who move from their country of origin to another country, aiming to settle temporarily or permanently in the new country.

Labor Immigration

The movement of people from one country to another primarily for employment opportunities.