How Does the U.S.economy Rank in Size

question 115

Multiple Choice

How does the U.S.economy rank in size?

• A)first in economic output 
• B)second in economic output 
• C)third in economic output 
• D)fourth in economic output 
• E)fifth in economic output

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Definitions:

Doctrine of Mistake

A principle in contract law that allows a contract to be nullified if both parties entered into the agreement with a mutual understanding that was fundamentally flawed or incorrect.

Willful Blindness

The deliberate act of avoiding acquiring certain knowledge of a fact, particularly to circumvent legal liability.

Illegal

Illegal refers to actions or activities that are prohibited by law and subject to penalties.

Breach of Contract

Occurs when one party to a contractual agreement fails to fulfill their obligations under the contract, leading to possible legal action.