A Time Draft

question 91

Multiple Choice

A time draft

• A)is a document issued by the common carrier specifying that it has received the foods for shipment; it can serve as title to the goods.
• B)later becomes a banker's acceptance.
• C)written order instructing the importer or his agent that calls for payment the amount specified on its face on a certain date.
• D)none of the above

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Definitions:

Strikes

Work stoppages initiated by employees as a form of protest, typically aiming for better wages, conditions, or benefits from their employers.

U.S. Economy

The economic system of the United States characterized by a mixed economy that supports both private and public enterprises.

Pure Monopsony

A market condition where there is only one buyer for many sellers, giving the buyer significant power over prices and terms of sale.

Labor Market

The supply and demand for labor, in which employees provide the supply and employers provide the demand.