What is the name of the condition that arises when the government of a foreign country makes the nation's currency inconvertible?

A) controlled exchange rates
B) managed currency
C) blocked funds
D) expropriation

Answer: C

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Under the UCC Article 2, unless otherwise agreed, an acceptance of an offer is effective:

A) When dispatched. B) When the acceptance is received. C) When the offeree acknowledges receipt of the acceptance. D) When the goods are received. E) When dispatched, but only if the acceptance reaches its destination within a reasonable time.

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A poultry farmer is debating whether to acquire Rhode Island Reds or Buff Orpingtons to lay the eggs he wants to sell. The fixed costs for the Buffs would be $7500 and the variable costs per egg would be a dime per egg

The Reds would have a fixed cost of $6000 and a variable cost of fifteen cents. At what level of egg production would the poultry farmer be indifferent between Rhode Island Reds and Buff Orpingtons? A) 20,000 eggs B) 30,000 eggs C) 50,000 eggs D) 60,000 eggs

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