Johnsonville Is a Small and Poor Nation,but Its Current President

question 80

Multiple Choice

Johnsonville is a small and poor nation,but its current president has a genuine desire to create more wealth for Johnsonville's citizens.The president has received recommendations from several of her advisors.Which of the following recommendations is likely to create the most wealth for Johnsonville?

• A)acquire more land by invading a neighboring country that is even poorer and weaker than Johnsonville.
• B)use foreign aid from other nations to purchase more tools and machinery.
• C)establish a business environment that promotes and rewards entrepreneurship.
• D)establish barriers to trade to protect Johnsonville businesses from foreign competition.

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Definitions:

Fine Print

Small, often difficult to read text in contracts or agreements that can contain important legal obligations or information.

Merchant

An individual or business entity engaged in the sale and purchase of goods for profit.

Consideration

A legal concept that refers to something of value exchanged between parties to form a binding contract.

Article 2

Article 2 of the Uniform Commercial Code (UCC) deals with the sale of goods, providing guidelines and rules for transactions involving the purchase and sale of goods.