Trudy and Uri Enter into a Contract for the Sale

question 66

Multiple Choice

Trudy and Uri enter into a contract for the sale of Trudy's house for which Uri agrees to pay her $250,000. Uri wants to transfer his right to the ownership of the house to Val, his niece. This transfer

• A) is prohibited.
• B) may be oral or written.
• C) must be implied.
• D) must be in writing.

---

Definitions:

Passive Policy

An economic policy approach that involves minimal intervention by the government in the economy, allowing market forces to operate without active guidance or stimulus.

Short-run Aggregate Supply

The total production of goods and services in an economy at various price levels in a short-term period, before all production factors can be varied.

Aggregate Demand

The complete requirement for goods and services in an economy, determined at an established overall pricing level for a specific duration.

Rising Prices

An economic condition characterized by an increase in the cost of goods and services, typically signifying inflation.