-Refer to Table 3-5

question 60

Multiple Choice

-Refer to Table 3-5. How could Canada and Japan both benefit?

• A) by Canada specializing in airplanes and Japan specializing in airplanes
• B) by Canada specializing in cars and Japan specializing in airplanes
• C) by Canada specializing in airplanes and Japan specializing in cars
• D) by Canada specializing in neither good and Japan specializing in both goods

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Definitions:

Sue

To initiate legal proceedings against an individual or entity in order to seek remedies for a grievance or dispute.

Defective Shipment

A delivery of goods that is flawed, damaged, or does not meet the buyer's specifications or expectations.

Cure

The act of resolving a breach or violation in a contract to revert back to compliance.

Breach of Contract

occurs when one party fails to fulfill its obligations under the contract without a legitimate legal excuse, thereby violating the agreement.