Some Contracts Must Be in Writing to Be Enforceable

question 45

True/False

Some contracts must be in writing to be enforceable.

Understand the effect of government policies on consumption based on price elasticity.

Interpret graphical representations of demand to determine elasticity.

Determine the effects of price changes on quantity demanded.

Understand the basic concepts and effects of hypnosis, including its real and demonstrable effects.

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Definitions:

Economic Espionage

The illegal practice of stealing confidential information from businesses to gain a competitive advantage.

Trade Secrets

Confidential business information that provides a company a competitive edge.

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Consumer Bill of Rights

A set of policies enacted to protect consumer rights in the marketplace, including the right to safety, to be informed, to choose, and to be heard.