Jason's Mother Would Like Him to Go to College, So

question 41

Multiple Choice

Jason's mother would like him to go to college, so in June he enrolls at the local university. He also quits his job and tells his mother his plans to take classes. His mother says, "I'm so happy that you are going to college that I want to pay for your books." Jason then sends her a bill for $485. Jason's mother's promise is:

• A) enforceable, because Jason returned to college.
• B) enforceable, because Jason is giving up the right to do something else.
• C) unenforceable, because it is a unilateral contract.
• D) unenforceable, because Jason had already enrolled in school when she made the statement that she wanted to pay for his books, and there is no consideration.

Understand the concept of income inequality within the United States and compare it to other countries.

Recognize the factors contributing to changes in the income distribution over time.

Identify the role and impact of government policies on income distribution and economic efficiency.

Understand the concept and measurement of poverty, including the poverty line and poverty rate.

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Definitions:

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the skin and nervous system.

Nervous Tissue

Comprised of neurons and supporting cells, this tissue is central to the control of bodily functions and the processing of information.

Expulsion Stage

The final stage of childbirth in which the baby is delivered from the womb through the birth canal to the outside world.

Fetus

A developing mammal or vertebrate after the embryonic stage and before birth, during which significant growth and organ development occur.