In which of the following situations would the effect of illegality be an exception?
A) when both parties of an illegal contract execute their agreements
B) when both parties of an illegal contract are considered in pari delicto
C) when person is justifiably ignorant of the law or fact that made the contract illegal
D) when a person completes his act of an illegal contract but is not paid for his consideration
C
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An intersection or junction point of a decision tree is called a(n)
A. node. B. stem. C. intercept. D. branch.
In the EOQ model, the number of days between orders is given by?
a. Q/d b. d/Q c. D/Q d. Q/D
When the growth rate of the money supply increases, interest rates end up being permanently lower if
A) the liquidity effect is larger than the other effects. B) there is fast adjustment of expected inflation. C) there is slow adjustment of expected inflation. D) the expected inflation effect is larger than the liquidity effect.
Dreher (2006) measures globalization on three dimensions: economic, social and political. The economic integration dimension would capture:
(a) The extent to which the government restricts trade and investment flows (b) The extent to which the economy is recession prone (c) The extent to which the country’s economic policies are internally consistent (d) The extent to which economic benefits are equitably shared in society