The Global Economy, Generally Speaking, Has Raised ____ and Lowered

question 84

Multiple Choice

The global economy, generally speaking, has raised ____ and lowered ____.

• A) financial standards; human tolerance
• B) the cost of capital; prices
• C) wages; tariff barriers
• D) quality standards; wage standards
• E) wages; protectionism

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Definitions:

Oral Agreement

A contract or agreement made through spoken communication rather than written, which can be legally binding depending on the context.

Customer Uncertainty

The lack of certainty or predictability that consumers feel regarding the value, quality, or benefits of purchasing goods or services.

Irrevocability Period

A designated timeframe during which a decision, such as an offer or contract, cannot be retracted or revoked.

Purchase Price

The amount of money paid or to be paid by the buyer to acquire an asset or service from the seller.