Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A)Online dispute resolution services are now available for electronic transactions.
• B)The legal status of online contracts is determined by common law.
• C)Arbitration has not been proved to be a valuable tool for ecommerce disputes.
• D)Online dispute resolution services are very costly and time consuming.
• E)Online disputes are often self-regulated.

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Definitions:

Average Price Level

The average price level is a measure of the overall level of prices in an economy over a period of time, often used to gauge inflation.

Exports

Goods or services that are produced in one country and sold to buyers in another, contributing to a country's foreign trade.

Real Balances

The purchasing power of an individual's or firm's cash in hand, considering inflation or deflation effects.

Macroeconomic Equilibrium

The state in which the aggregate demand equals aggregate supply in an economy, leading to stability in the general price level and full employment.