Ronnie had a severe gambling problem. Every night, he stayed awake to the wee hours of the morning picking games and spreads and betting online or calling his bookie in Vegas. Finally, Ronnie’s wife, Diane, had enough of Ronnie’s gambling. Diane entered into a written contract with Cole, a gambling addiction therapist, who agreed to treat Ronnie twice a week for six months. The contract is signed in writing (by the contract parties, Diane and Cole; and, of course, also by the patient, Ronnie). Ronnie then begins his counseling. However, after two months, Diane sees no improvement in Ronnie’s behavior. After all, her debit cards just got declined at the store, and when she confronted Ronnie, he simply stated, “I lost $1,000 on the Steelers last night.”  Diane decides she is going to breach the contract, that is, to stop paying Cole. What would a court most likely find, if Cole sues Diane to enforce the contract and make her pay for the breach?

1.3.4 Many buyers and sellers. (1)

Maria goes to Danny’s Sub Shop and buys a meatball sub. Maria takes a seat and, just before taking her first bite, notices that what looks to be a meatball covered in sauce is actually moving! It turns out to be a roach. Maria flings her sub to the floor and screams. Danny, fearing her public outcry, tells Maria, “I’ll give you whatever you want if you just stop screaming. You can have a hundred dollars now, plus free subs and chips for the next 10 months – you just need to stop screaming.” Maria stops screaming, and Danny says, “Thank you; we’ve got a deal.” Danny hands Maria five $20 bills, says, “I’ll write everything down,” and begins writing out the terms of their deal on a napkin. The terms on the napkin are: “Maria agrees to not sue Danny about today’s incident with the alleged roach. In return, Maria has received $100 and will get free subs for ten months from today’s date of June 30, 2021.” Maria and Danny both sign the napkin. A month later, Maria returns to Danny’s Sub Shop and orders a turkey sub and potato chips. Danny gives her the sub for free but charges her for the chips. Maria complains that the contract included free chips. Danny says he was just trying to calm her down when he said that, and that they “officially agreed” only to free subs. Should Danny provide Maria with free chips?

1.1.3 A market described by demand and supply curves, is in equilibrium …. (2)

1.3.3 Effectiveness of a product in satisfying wants. (1)

1.1.5 To say that markets are guided by an “invisible hand” means that …. (2)

What happened to Calonne when the Assembly of Notables met?

The King’s reaction to the mob at the palace on 10 August 1792?

What was the mood in Paris on 14 July 1790?

Who went in front of the Assembly and unemotionally proposed going to war?