What Will the Invention of Machinery That Can Double the Amount

question 58

Multiple Choice

What will the invention of machinery that can double the amount of gold extracted from raw ore likely lead mining companies to do?

• A) Raise the world price of gold because miners' wages must double as their productivity doubles.
• B) Raise the world price of gold to pay for the new machinery.
• C) Lower the world price of gold because any given amount can now be produced more cheaply.
• D) Lower the world price of gold only if new mining companies are not allowed to enter the industry.

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Definitions:

Parol Evidence Rule

A legal principle in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.

Scalisi et al. v. New York University Medical Center

A legal case, specifics of which should be consulted through legal databases or sources for accurate details.

Parol Evidence

The rule in contract law that prohibits the introduction of evidence of prior or contemporaneous oral agreements to alter, contradict, or add to the terms of a written contract.

Typographical Error

A typographical error is a mistake made in the typing process of written or printed material, often referred to as a typo.