A Contract Is a Single Promise, Made by One Person

question 170

True/False

A contract is a single promise, made by one person to another, enforceable in court.

---

Definitions:

Skilled Workers

Individuals who have specialized training, experience, and expertise that enable them to perform complex tasks.

Labor Force

The total number of people employed or actively looking for employment in an economy.

Export-Promotion Strategy

An economic policy aimed at encouraging domestic producers to export goods, typically through government support measures like subsidies, tax incentives, or easing regulatory requirements.

Import-Substitution Strategy

An economic policy aimed at reducing foreign dependency by local production of industrialized products.