Which of the Following Would Be Considered a Valid and Legally

question 59

Multiple Choice

Which of the following would be considered a valid and legally enforceable agreement?

• A)An agreement to pay a legislator to vote for a particular bill.
• B)An agreement under which Arthur agrees to pay Barbara $3,000 to disparage the product of Arthur's competitor.
• C)An agreement by the seller of a service station not to enter the service station business in Ohio for a period of thirty years after the sale of his business.
• D)An agreement by a fund-raising director not to operate a fund-raising business in Marin County for a period of one year after terminating his employment.

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Federal Budget Deficit

The financial shortfall when the federal government's expenditures exceed its revenues in a fiscal year.

Aggregate Supply

The total supply of goods and services available to a particular market from producers at various price levels, in the context of macroeconomic analysis.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.