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In 2009, Approximately What Proportion of World Merchandise Trade Did

question 13

Multiple Choice

In 2009, approximately what proportion of world merchandise trade did Australia account for?


Definitions:

Remedy

A means of legal reparation, which can include monetary compensation, restorative justice, or specific performance in order to resolve a breach of the law.

Breached a Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse, which may result in legal action against the party in breach.

Implied Warranties

Warranties not explicitly stated but presumed by law to provide certain assurances regarding the quality or functionality of a product.

Express Warranties

Explicit promises made by a seller to a buyer regarding the quality or nature of a product.

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