Which of the Following Complaints Would Lead to a Successful

question 61

Multiple Choice

Which of the following complaints would lead to a successful action under the Sale of Goods Act?

• A)"Waiter,there's a spider in my sandwich."
• B)"I paid $10 for government bonds,but you have sent me shares in a private company that I've never heard of!"
• C)"You are not going to honour our contract for the land?! I planned to build on that lot in the spring!"
• D)"I left the car here with orders to adjust the front lights; I did not order a tune-up!"
• E)"I hired you to wait tables,not to stand around doing stand-up comedy routines."

Recognize the influence of domestic economic policies on international trade and finance.

Understand the relationship between national saving, domestic investment, and net capital outflow in an open economy.

Comprehend how exchange rates are determined and their reciprocal nature.

Grasp the concept of trade balances and how they relate to net capital outflow/inflow.

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Definitions:

Total Utility

The total satisfaction or benefit a person receives from consuming a certain quantity of goods or services.

Marginal Utility

The extra pleasure or benefit gained by a person from consuming one more unit of a product or service.

Total Utility

The total satisfaction or benefit derived by a consumer from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.