What Is The Fairtrade Ethos? Fair Trade aims to address the injustices of traditional trade, which historically has discriminated against the poorest and weakest producers. Fair Trade is more than just about pricing. It is a real and tangible fight against poverty, discrimination, and climate change. What are the values of Fairtrade? Fair Trade is
What Is The Best Example Of A Good That Has Inelastic Demand? Which of the following is the best example of a good that has inelastic demand? A restaurant owner has not changed menu prices in a year. One month ago, the owner noticed that sales for all lunch items had fallen by 50 percent.
What Is The Economic Term For Any Gift Of Nature Or Any Natural Resource That Can Be Used In Making Goods And Services? A B Capital Resources Goods produced and used to make other goods and services. Natural Resources “Gifts of nature” that are present without human intervention (ex. land) Human Resources The knowledge, efforts,
What Is The Quantity Or Amount Of A Product That Is Available? Supply. as the amount of a product that would be offered for sale at all possible prices that could prevail in the market. Law of supply. the principle that suppliers will normally offer more for sale at high prices and less at lower
What Is The Purpose Of The Sale Of Goods Act? The Sale of Goods Act is an important law for consumers because it provides many rights and remedies. It does this in two main ways: The Act deems that many rights are part of a sale of goods contract, regardless of what the parties have
What Is The Name Of The Good That Is Used To Make Other Goods? An intermediate good is a product used to produce a final good What are the goods that are used to produce things? Machinery, tools, buildings, computers, or other kinds of equipment that are involved in the production of other things for
What Is The Term Called That Refers To The Amount Of Goods And Services People Can Buy With The Money They Have? Standard of living. the amount of goods and services people can buy with the money they have. What is the buying of goods and services called? Trade is the transfer of goods and
What Is The Name Of Any Human-made Resource That Is Used To Make Other Goods And Services? Capital– any human made resource that is used to produce other goods and services. What are any resources that are made by humans and used to create other goods and services called production services labor capital? Question Answer
What Is The Willingness And Ability Of Producers To Offer A Good For Sale Referred To As? Supply. The willingness and ability of producers to offer goods and services for sale. Is the willingness and ability of producers? Supply is the willingness and ability of producers to create goods and services to take them to
What Is Critical In Determining Whether Something Is Produced As A Public Good? Cost is critical in determining whether something gets produced as a public good. When a good or service is public, the benefit to each individual is less than the cost that each would have to pay if it were provided privately and