-Refer to the Above Table

question 100

Multiple Choice

-Refer to the above table. If opportunity costs are constant, the two countries will gain from trade at a rate of exchange of

• A)0.1 computer for 1 bicycle.
• B)5 computers for 1 bicycle.
• C)1 computer for 1 bicycle.
• D)8 bicycles for 1 computer.

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Definitions:

Executrix

A female executor; a woman appointed by a will to execute the will's terms and administer the estate of the deceased.

Written Promise

A written promise is a documented commitment by one party to perform or refrain from performing specified actions.

Course of Dealing

A sequence of previous conduct between parties to a contract that establishes a common basis for their understanding.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.