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The Text Suggests That If Economists Had a Mantra, It

question 18

Multiple Choice

The text suggests that if economists had a mantra, it would be:


Definitions:

Express Repudiation

An outright and clear refusal by one party to carry out their obligations under a contract.

Contracted

Agreed upon or arranged through a formal agreement, especially in the context of business dealings or employment.

Wedding Reception

A celebratory gathering held after a wedding ceremony, typically involving meals, music, and dancing.

Breach De Minimis

A term used to describe a breach of contract that is too minor to merit legal action or consideration.

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