Which of the Following Is Not a Contract That Must

question 152

Multiple Choice

Which of the following is not a contract that must be in writing to be enforceable?

• A) sale of real estate
• B) contracts paying someone else's debt
• C) contracts taking less than one year to perform
• D) contracts involving sales of goods valued at $500 or more

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Definitions:

Discretionary Fiscal Policy

Economic strategies implemented by the government through changes in spending levels and tax rates to influence economic conditions.

Federal Budgets

Annual financial statements representing the government's projected revenue and spending, outlining fiscal policies and priorities at the federal level.

Fiscal Policy

Government policies concerning taxation and spending to influence economic conditions, including aggregate demand.

Crowding Out

A situation where increased public sector spending leads to a reduction in private sector spending, which can dampen or negate the intended stimulative effect of the government's expenditures.