An Increase in the Price of Gasoline Will Cause a Reduction

question 123

Multiple Choice

An increase in the price of gasoline will cause a reduction in the amount purchased is an example of

• A)a normative statement
• B)an unprovable statement
• C)a theorectical statement
• D)a positive statement
• E)an assumption

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Definitions:

Unconscionable

A term used to describe an action or a contract clause that is so unjust or overwhelmingly one-sided in favor of one party that it is contrary to good conscience.

Noncompete Clause

A contract provision that prohibits an employee from working for or becoming a competitor for a certain period after leaving a company.

Undue Hardship

A principle that exempts an employer from providing accommodations that would result in significant difficulty or expense under the Americans with Disabilities Act.

Noncompetition Clause

A provision in a contract that prevents one party from entering into or starting a similar profession or trade in competition against another party.