Answer:
purchases of new houses.
Explanation:
The consumption is the amount that is to be consumed by the consumer or the amount spent by the household with respect to the goods and services they are taking.
In addition, it is also included while calculating the Gross Domestic Product (GDP). The formula is shown below:
Consumption + Investment + Government purchase + Net exports
where,
Net exports = Exports - imports
So in the given situation, the purchase of a new house is considered an exception because most the people purchase the house for renting it that gives them a regular income.
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Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
Answer:
the reason for economic regulation is for that the economy will be maintained and not be distrupted and it will be to grow higher