Under the CISG, Which of the Following Would Not Always

question 2

Multiple Choice

Under the CISG, which of the following would not always be considered a material alteration to an offer?

• A) A change in payment.
• B) A change in time of delivery.
• C) A change in color of goods ordered.
• D) The addition of an arbitration clause for settlement of disputes.

Understand the concept of Pareto Optimality and efficiency in market outcomes.

Distinguish between general equilibrium and partial equilibrium analysis.

Recognize the implications of market changes on industry equilibrium, including entry and exit of firms.

Understand the relationship between market stability, efficiency, and equity.