Daniel Is a Senior at State University

question 48

Multiple Choice

Daniel is a senior at State University.Brian,Daniel's father,is concerned about Daniel's study habits,given that Daniel spends most of his evenings at the campus pub instead of the library.Brian promises Daniel that he will send him on an expense-paid trip to Europe after his graduation if Daniel spends at least five evenings a week studying in the campus library for the remainder of his senior year.After returning home from his graduation,Daniel asks Brian about the European trip.Brian replies,"Your education was your reward.I don't owe you a trip to Europe." Brian is:

• A)correct;Daniel has already gained the benefit of the bargain.
• B)correct;Daniel did not give anything of legal value.
• C)incorrect;Brian owes Daniel a trip to Europe because Daniel's acts are consideration.
• D)incorrect,but only if Daniel's acts are adequate consideration for such an expensive trip.

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Definitions:

Home Countries

Refers to the countries where multinational corporations are headquartered.

Implicit Costs

Expenses that are not directly paid for or incurred in cash, representing the opportunity cost of using resources owned by the business.

International Migrants

Individuals who move from their country of origin to another country, aiming to settle temporarily or permanently in the new country.

Labor Immigration

The movement of people from one country to another primarily for employment opportunities.