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1. Shelly accepts Corelli's offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable? What is the difference between these two concepts? A month after his eighteenth birthday Corelli decides that he would rather have $2,500 than the painting. He informs Shelly that he is disaffirming the contract and request that Shelly returned the $2,500 to him. When Shelly refuses to do so, Corelli brings a court action to recover the $2,500. What will the court likely decide in this situation? Why?
Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that al..
Formulate the following situation as an extensive form game (using a game tree) and solve it using backward induction. What will Bingo choose to do in equilibrium, and what will Canal's response be?
question 1 many business people have not had the good fortune to be able to take an economics course and have never
List three characteristics of an economists, a scientist and thee characteristics of an economist as a policy adviser.
What will be the effects on the domestic economy under free-floating exchange rates if there is a rapid expansion in world economic activity? What will determine the size of these effects?
the article study for the demand supply and the market equilibriumdemand supply and market equilibriumthe economic
The Green Show Corporation is planning going to a piece rate system, where manufacturing workers are paid based on their level of output.
Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change.
Assume that countries in the Eurozone decide to pursue a deflationary fiscal policy. What effect is this likely to have on the UK economy?
The shares of Hod corporation which are at present trading at $12.50, have just paid a dividend of $1.50 / share. Based on investment analysts, the historical growth rate for Hod's dividends of 2 percent per year
Which of the following is NOT an example of an externality? Explain why the other examples are externalities and why the one you selected is not.
Explain and apply the core principles of at least two ethical theories to draw specific moral conclusions about the question you are discussing.
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