In the Late Nineteenth Century, ________ Was the Richest Country

question 103

Multiple Choice

In the late nineteenth century, ________ was the richest country in the world, but it now lags behind the United States because of ________.

• A) China; a lower rate of inflation
• B) the United Kingdom; a lower economic growth rate
• C) Germany; a higher economic growth rate
• D) Japan; consistently being at war
• E) China; a higher economic growth rate

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Definitions:

Course of Performance

An aspect of contract law, referring to the conduct between parties in the performance of a contractual agreement, which can help interpret the contract's terms.

Executed Contract

A contract that has been completely performed by both parties.

Contractual Obligation

A duty or responsibility that is legally binding under the terms of a contract.

Obvious Terms

Conditions or elements in an agreement or contract that are clear and unmistakable to all parties involved, often not needing explicit statement or detailed explanation.