In Most Cases, the Reason Why Products Cost Relatively Little

question 8

Multiple Choice

In most cases, the reason why products cost relatively little in one country and cost more in another is:

• A) the profiteering measures taken by exporting companies.
• B) the consistency in perception of quality in all countries.
• C) the inelastic demand of most consumer goods.
• D) the requirement that all export goods must use set skimmed price.
• E) the higher costs of exporting.

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Definitions:

Overlapping Social Problems

Issues that are interconnected and complicate each other, such as poverty, education inequity, and racism.

Ponzi Scheme

A fraudulent investment operation where returns to earlier investors are paid from the capital contributed by new investors, rather than from profit earned.

White-Collar Crime

Non-violent crimes committed by individuals, typically during the course of their occupation, involving deception for financial gain.

Fraudulent Investments

Investments schemes or opportunities that are deceptive, promising high returns with little to no risk, but are actually designed to defraud investors.