The Figure Below Shows the Demand (D) and Supply (S)

question 8

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of corn syrups.Figure 21.3

-Agreements to abolish most barriers to trade among nations are known as:

• A)collusive trade agreements.
• B)discriminatory trade agreements.
• C)neutral trade agreements.
• D)preferential trade agreements.
• E)retaliatory trade agreements.

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Definitions:

Accommodative Strategy

Accepts social responsibility and tries to satisfy prevailing economic, legal and ethical performance criteria.

Discretionary Responsibilities

Obligations that an individual or organization chooses to undertake out of ethical or moral principles rather than because of legal requirements.

Economic Responsibility

The obligation of an organization or individual to act in ways that benefit the economic well-being of society.

Ethical Dilemma

Situations where one is faced with choosing between two morally correct but contradictory actions, making it difficult to decide the right course.