Answer:
Trade between two agents or countries allows the countries to enjoy a higher total output and level of consumption than what would have been possible domestically. ... Comparative advantage and opportunity costs determine the terms of trade for exchange under which mutually beneficial trade can occur.
Explanation:
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Answer:
It was a specific set of racist policies created by the ruling white minority of South Africa. One can make a claim that something similar took place in the USA
Explanation:
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Based on the given scenario, it can be concluded that a legally binding contract was concluded between X and Y.
This is because, before the agreed date of 20th August, X withdrew her acceptance and sent it by post and also made a call to Y which informed him of her current stance.
<h3>What is a Contract?</h3>
This refers to the legally binding agreement that exists between two or more people about the terms of something.
Hence, we can see that based on the given scenario, it can be concluded that a legally binding contract was concluded between X and Y.
Notwithstanding the arrival of the postal letter of acceptance, this is considered void as there has been a change of terms that have been clearly communicated to the other party.
Read more about contract here:
brainly.com/question/984979
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