Currently, 75,000 Units of a Good Are Traded on a Market

question 13

True/False

Currently, 75,000 units of a good are traded on a market. The government imposes a limit of a maximum of 50,000 units that may be traded on the market. This will have no effect on the market.

Analyze how course of performance and course of dealing can influence contract execution and expectations.

Understand the significance of commercial impracticability and legality in contract performance.

Differentiate between substantial impairments and trivial nonconformities in goods.

Grasp the concept of "good faith" as it underlies transactions under the UCC.

---

Definitions:

Blocking

A learning process where the presence of an established conditioned stimulus interferes with the learning of a new conditioned stimulus.

Salience

The quality of being particularly noticeable or important; the state or condition by which something stands out from its surroundings or background in perception.

Behavioral Contrast

A phenomenon in which the rate of response varies according to a change in the reinforcement of an alternative behavior.

Counterconditioning

A behavioral therapy technique that involves teaching the subject to associate a positive response with a stimulus that previously elicited a negative response.