A Foreign Country Could Provide Low Cost Production Sites

question 26

Multiple Choice

A foreign country could provide low cost production sites

• A)because the factors of production are underpriced.
• B)because the currency is undervalued.
• C)because the locals like to give away their land labor and capital to foreigners.
• D)both a and b

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Definitions:

U.S. Food and Drug Administration

A federal agency responsible for protecting and promoting public health by controlling and supervising the safety of food, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Enforcement Agency

A governmental agency that has the authority to enforce laws, regulations, or rules.

Truth-in-Lending Act

Legislation at the federal level intended to facilitate the informed use of credit by consumers by mandating the disclosure of its terms and costs.

Total Amount Financed

In a loan, the total sum of money provided, including the principal and any additional fees or charges by the lender.