A Decrease in the Money Wage Rate Increases ________ and an Increase

question 228

Multiple Choice

A decrease in the money wage rate increases ________ and an increase in the full-employment quantity of labor increases ________.

• A) both the SAS and the LAS; only the SAS
• B) both the SAS and the LAS; only the LAS
• C) only the SAS; both the SAS and the LAS
• D) only the LAS; both the SAS and the LAS

Grasp the significance and application of the Mailbox Rule in contract formation.

Identify the circumstances under which silence can amount to acceptance.

Differentiate between acceptance under common law (mirror image rule) and under the UCC.

Recognize the role and effect of additional terms in acceptances between merchants.