Which of the Following Is a Principle of International Trade

question 7

Multiple Choice

Which of the following is a principle of international trade?

• A)German workers will not work without Union representation.
• B)International trade hurts many countries since it is basically unfair to developing nations.
• C)International trade increases worldwide production by specialization.
• D)Exchange rates are determined by the Hague Convention.
• E)Bribery drives up prices in world trade.

Describe the legal mechanisms available for addressing unethical or illegal behaviors within unions.

Explain the concept and legal background of statutory and common law.

Recognize the legal rights of workers in terms of union dues and political activity.

Understand the balance required between property rights and labor rights within U.S. labor law.

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Definitions:

Pledge

A promise or agreement to do something, often backed by an assurance in the form of property or rights as a security for the fulfillment of an obligation.

UCC

The Uniform Commercial Code is a collection of legal guidelines that regulate business dealings across the United States.

Creditor

An individual or entity that is owed money or other forms of assets by a debtor.

Field Warehouse

A secured area within a business's premises that is operated by an independent warehousing company for storing pledged goods under a field warehousing agreement.