If You Insert a Coin into a Vending Machine and Receive

question 54

Essay

If you insert a coin into a vending machine and receive a chocolate bar in exchange, have you entered into a contract? If so, is that contract unilateral or bilateral? Give reasons for your answer.

Understand the dynamics and economic implications of off-shoring and global trade balance.

Identify the major exporters globally and understand the shift in global economic power.

Learn about the principles of opportunity cost in decision-making for individuals and nations.

Acknowledge the social and economic concerns raised by globalization, including environmental, labor, and human rights issues.

---

Definitions:

Diverse Set

A collection consisting of various distinct elements or individuals.

Rate Of Return

The percentage gain or loss on an investment relative to the amount of money invested.

Stocks

Financial instruments that represent ownership in a company and signify a claim on part of the company's assets and earnings.

Long-Term Investor

An individual or entity that holds investments for an extended period, focusing on long-term performance rather than short-term gains.