Which of the Following Is the Premise of the Rational

question 50

Multiple Choice

Which of the following is the premise of the rational choice theory?

• A)Rewards and costs determine a person's choices.
• B)People act intentionally to achieve goals.
• C)Coercion is the driving force behind all decisions.
• D)Individual choices are only limited by self-generated constraints

Understand the roles and rights of intended, incidental, and creditor beneficiaries in contract law.

Explain the concept of assignment and delegation in contract law.

Grasp the conditions under which courts allow enforcement of rights by third-party beneficiaries.

Comprehend the legal distinctions between donee beneficiaries, creditor beneficiaries, and incidental beneficiaries.

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition.

Domestic Price

The price of goods or services within a country's borders, as opposed to international or export prices.

Tariff

A tax imposed by a government on imported or exported goods, often used to restrict trade, as they increase the price of imported or exported goods, making them less attractive to consumers.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a product or service and the total amount they actually pay.