Which of the Following Is the True of the New

question 29

Multiple Choice

Which of the following is the true of the new economic order?

• A)The U.S.economic order today has been powerfully affected by the emergence of a stratified economic system.
• B)The United States is an isolated economic unit.
• C)In many respects, the world is a single economic unit.
• D)Economic integration is becoming more shallow.

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Definitions:

Resale Price

The price at which an item is sold after the first sale, from retailer to consumer.

Incidental Damages

Incidental damages refer to the costs incurred by one party due to another's breach of contract, including expenses directly resulting from the breach, such as costs to find a replacement.

Installment Contract

A contractual arrangement where payment is made in parts over a period of time until the full purchase price is paid.

CISG

Stands for the United Nations Convention on Contracts for the International Sale of Goods, which governs the sale of goods between businesses in different countries.