In Hamer vs Sidway, discussed in the book and class, where Uncle William promises his 16 year old nephew, Willie $5,000 if he refrains from drinking alcohol, playing billiards, swearing, smoking, and gambling, he would get $5,000, this landmark case stands for: QUIZLET

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

In microeconomics, the point at which supply and demand meet is called the blank price