Which of the Following Is True of a Contract with the No-Arrival

question 81

Multiple Choice

Which of the following is true of a contract with the no-arrival, no-sale term?

• A) The buyer bears shipping costs and the risk of loss during transport.
• B) The seller does not have to deliver replacement goods to the buyer in case of damages.
• C) The seller does not have to bear the expense and risk of loss of the goods during transportation.
• D) The buyer has to arrange for the shipment to be handed over to a carrier.

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes and inflation.

Tax Revenues

The income that is gained by governments through taxation, a primary source of public finance.

Transfer Payments

Payments made by the government to individuals without any expectation of a direct return, such as welfare, social security, and unemployment benefits.

Automatic Stabilizers

Economic policies and programs, such as unemployment benefits and progressive taxation, that automatically help stabilize an economy by increasing spending in a downturn and reducing spending in an upswing without additional government action.