According to the United Nations Convention on Contracts for the International

question 46

Multiple Choice

According to the United Nations Convention on Contracts for the International Sale of Goods (CISG) , an offer:

• A) must be directed to a specific person.
• B) must express the quality of the goods to be valid.
• C) is not valid, if it impliedly provides means of determining the quantity of the goods.
• D) is sufficiently definite even if it lacks price terms.

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Definitions:

Ovens

Kitchen appliances used for baking, roasting, or heating food.

Marginal Products

Marginal products refer to the additional output generated from using one more unit of a particular input, holding all other inputs constant.

Isoquants

Curves on a graph that represent different combinations of factors of production that yield the same level of output.

Factors of Production

The inputs used in the production of goods or services in the process of creating economic value, typically including land, labor, capital, and entrepreneurship.