Practice Economics Of The Fashion Industry (2) - Economics and Sustainability

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10 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is a global supply chain?
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Think about how products are made and moved globally.
Question 2.
How much does an average worker earn from a $5 t-shirt?
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Consider the proportion of costs allocated to labor.
3Question 3.
What is the primary reason for using a global supply chain in fashion?
- To reduce costs
- To improve quality
- For quicker delivery
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Focus on economic motivations.
4Question 4.
True or false: All workers in the fashion industry earn a living wage.
- True
- False
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Consider the realities of minimum wage laws.
Question 5.
Evaluate the long-term impact of low wages on workers in the fashion industry and suggest alternative business models.
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Consider the systemic barriers that exist.
Question 6.
Design a report proposing regulations for improving labor conditions in overseas garment factories.
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Think of existing laws and frameworks that can guide this proposal.

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