Nero and Oona Negotiate a Contract

question 7

Multiple Choice

Nero and Oona negotiate a contract.Nero prints out a hard copy to review before both parties sign the electronic form of the contract.Neither party signs the hard copy.Under the Electronic Signatures in Global and National Commerce Act (E-SIGN Act) ,the signatures can

• A)be denied effect because they are in electronic form.
• B)be denied effect because Nero has not signed a hard copy.
• C)be denied effect because Oona has not signed a hard copy.
• D)not be denied effect because they are in electronic form.

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Definitions:

Unemployment Rate

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.

Stagflation

Stagflation is an economic condition characterized by slow economic growth, high unemployment, and high inflation, presenting a challenging scenario for policy response.

Phillips Curve

An economic theory describing an inverse relationship between rates of unemployment and corresponding rates of inflation, indicating trade-offs between policy objectives.

Short-run

A period in economics where at least one input is fixed and cannot be changed.