Use the Following to Answer Questions

question 371

Multiple Choice

Use the following to answer questions :
Figure: Circular-Flow Model
-(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is an increase in consumer spending, which of the following is likely to happen?

• A)an increase in the nominal GDP
• B)a decrease in the nominal GDP
• C)an increase in the unemployment rate
• D)a decrease in the inflation rate

Comprehend the procedures and parties involved in voluntary dissolution.

Understand the processes and approvals required for corporate mergers and acquisitions.

Grasp the concept of holding, parent, and subsidiary corporations through corporate transactions.

Identify the state's role in authorizing and documenting corporate mergers, consolidations, and share exchanges.

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Definitions:

Consideration

Something of value (such as goods, services, or money) that is exchanged between parties in a contract, making the agreement legally binding.

Preexisting Duty Rule

A principle in contract law that holds an existing duty does not constitute consideration for a new promise.

Unforeseen Circumstances

Events or conditions that could not have been reasonably anticipated and that may affect the performance of contractual obligations.

Ethical

Pertaining to or dealing with morals, the principles of morality concerning right and wrong or good and bad behavior.