Refer to the survey in Table 11-2 regarding consumers attitudes toward working conditions. a. Fill in the

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Trade

ISBN: 9781429278447

3rd Edition

Authors: Robert C. Feenstra, Alan M. Taylor

Question Posted: