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Most Countries Do Not Grant Third-Party Rights to Contracts

question 63

True/False

Most countries do not grant third-party rights to contracts.


Definitions:

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.

Utility Per Dollar

Represents the amount of satisfaction or pleasure received per unit of expenditure.

Good

A tangible or intangible product that can satisfy a need or desire, and is transferable from one person to another.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices.

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