The Consumer Leasing Act Would Apply to Which of the Following

question 139

Multiple Choice

The Consumer Leasing Act would apply to which of the following leases:

• A) living room furniture for three months
• B) an apartment for a year
• C) a car for a week
• D) a big-screen television for a year
• E) all of the other choices would be covered if for personal, not business, use

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Definitions:

Oligopoly

A market structure in which a few firms dominate the industry, leading to limited competition and potentially higher prices for consumers.

Deskilling Thesis

The argument that technological advancements lead to a reduction in the skill levels required for certain jobs.

Multinationals

Corporations that own or control production of goods or services in one or more countries other than their home country, often having a significant impact on global trade and economy.

Division of Labour

The distribution of various segments of a production task among different individuals to enhance productivity.