In the Case of a Third Party Contract, If the Principal

question 8

Multiple Choice

In the case of a third party contract, if the principal is _____ the agent is not a party to the contract.

• A) fully disclosed
• B) partially disclosed
• C) unidentified
• D) undisclosed

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Definitions:

Tax Revenue

The income that a government receives from taxation of individuals and businesses.

Rational Expectationists

Economists advocate the view that people base their choices on logical thinking, accessible data, and historical experiences.

Government Policy

A course of action or a series of actions taken by a government to address a particular issue, problem, or need in society.

Oil Price Shocks

Sudden and significant changes in the price of oil, which can have wide-reaching economic effects on oil-producing and oil-consuming countries.