Use a Calculator to Approximate the Number

question 79

Multiple Choice

Use a calculator to approximate the number.(Round your answer to three decimal places.) ​ ​

• A)5.000.000
• B)3.487
• C)1.487
• D)2.487
• E)-2.487

Evaluate the effects of terms of trade and exchange rates on nation's trading relationships.

Analyze production possibilities and opportunity costs in the context of international trade.

Understand the impact of international trade on domestic market prices and equilibrium.

Identify and differentiate between import demand and export supply curves.

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Definitions:

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.

Non Est Factum

A plea asserting that an agreement is void because the signer was unaware of its essence due to deception or misunderstanding.