By Adopting the Contracts for the International Sale of Goods

question 9

True/False

By adopting the Contracts for the International Sale of Goods (CIGS),a nation signals to other adopters that it will treat the convention's rules as part of its law.

---

Definitions:

Economic Fluctuations

Economic fluctuations are variations in the level of economic activity, typically measured by changes in real GDP, encompassing cycles of expansion and contraction.

Dow Jones

An index that shows how 30 large, publicly-owned companies based in the United States have traded during a standard trading session in the stock market.

Long-Term Growth

Refers to the sustained increase in the productive capacity of an economy over a significant period of time, typically years or decades.

Recessionary Period

A time characterized by economic decline across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.