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Question: 1. Refer to the survey in Table 11-2 regarding consumers' attitudes toward working conditions.

a. Fill in the survey questions for yourself and at least five friends.

b. Average your results, and compare them with those in Table 11-2. Are there any consistent differences in the answers from your friends and those in Table 11-2?

c. Do the answers from your friends show the following two characteristics?

i. Many people are willing to pay at least a small amount to ensure good labor standards (or simply switch to an alternative with the same price), though relatively few are willing to pay a lot.

ii. Individuals had to receive a higher discount to purchase a T-shirt made under poor conditions than they were willing to pay for a T-shirt made under good conditions.

Explain whether these characteristics apply to your friends or not.

260_11.2.png

2. Using Table 11-3, explain why environmentalists have "lost the battle but won the war" in their dealings with the WTO. Refer to specific WTO cases in your answer.

246_11.3.png

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92288487

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