In 2007, France's Exports Totaled $490 Billion and Its Imports

question 116

Multiple Choice

In 2007, France's exports totaled $490 billion and its imports totaled $529 billion. As a result, the
i. rest of the world supplies funds to France.
ii. quantity of loanable funds in France is less than the supply.
iii. Ricardo- Barro effect occurs in France.

• A) ii and iii only.
• B) i, ii and iii.
• C) i and ii.
• D) i only.

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Definitions:

Creditor Beneficiary

A third party that benefits from a contract between two other parties, where the promisor agrees to pay a debt that the promisee owes to the third party.

Donee Beneficiary

An individual who benefits from a contract between two other parties, with the intent that the benefits of the contract apply to this third party.

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.

Antiassignment Clause

A contract provision that prohibits the transfer of rights or delegation of duties under the contract to another party without the original party's consent.