Figure 30-1 -Refer to Figure 30-1. Which of the Following Would Cause

question 260

Multiple Choice

Figure 30-1
-Refer to Figure 30-1. Which of the following would cause the change depicted in the figure above?

• A) U.S. productivity falls relative to European productivity.
• B) Americans increase their preferences for goods produced in the EU relative to American goods.
• C) The European Union increases its quotas on Italian wine.
• D) The price level of goods produced in the EU decreases relative to the price level of goods produced in the United States.

---

Definitions:

Lawful Purpose

A lawful purpose is an action, contract, or transaction that is not in violation of any legal statutes or regulations.

Quantum Meruit

Quantum meruit is a legal principle allowing a party to recover the reasonable value of services provided, even in the absence of a formal contract.

Promissory Estoppel

A legal doctrine preventing a person from going back on a promise, even if it was made without formal consideration, when others have relied on that promise to their detriment.

Quasi Contracts

Contracts imposed by courts to avoid unjust enrichment or unfair benefit, despite there being no formal agreement between the parties.