Which of the Following Is an Offer as Opposed to an "Invitation

question 15

Multiple Choice

Which of the following is an offer as opposed to an "invitation to treat"?

• A)A notice in the catalogue from the gift shop of the Edmonton Aquarium: "15% off the price of all jewellery until January."
• B)A notice in the Toronto Star: "I will pay $100 to whomever finds and returns my lost female calico cat who answers to the name Marx."
• C)The display of goods on the shelves of Safeway.
• D)A sweater displayed in the window of a shop with the price tag attached and showing.
• E)An ad in a real estate paper: "Best offer in Vancouver! 3-bedroom home in Kitsilano for only $350 000!"

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Definitions:

Saving

The process of setting aside a portion of current income for future use or for investment.

Investment

The distribution of assets, typically financial, with the aim of earning revenue or gains.

Private Saving

The portion of households' disposable incomes that is not spent on consumption but saved for future use.

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or capital flow.