Which of the Following Statements Is Correct

question 10

Multiple Choice

Which of the following statements is correct?

• A)The financial sector is a large source of jobs in the U.S. economy, but a relatively small source of jobs in other major economies.
• B)The financial sector is a relatively small source of jobs in the U.S. economy, but a large source of jobs in other major economies.
• C)The financial sector is a large source of jobs in the U.S. and other major economies.
• D)The financial sector is a relatively small but important source of jobs in the U.S. and other major economies.

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Definitions:

Quasi-contractual

A legal concept where a court enforces a contract-like obligation on a party to prevent unjust enrichment, even though no actual contract exists.

Contractual Obligation

A duty or commitment that is legally binding under a contract, requiring parties to fulfill agreed terms.

Unaddressed Envelope

An envelope lacking a specific destination address, often used for general mail distribution or marketing purposes.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.