An Isolated Economy

question 119

Multiple Choice

An isolated economy

• A) is less likely than an easily accessible economy to take advantage of specialization.
• B) is more likely than an easily accessible economy to take advantage of specialization.
• C) is equally likely to take advantage of specialization when compared to an easily accessible economy.
• D) would gain no advantage from specialization.
• E) has easy access to large markets.

Identify the significance of express and implied conditions in contract enforcement.

Analyze how a condition subsequent can affect contract obligations.

Examine defences to breach of contract, including impossibility and personal satisfaction.

Understand the concept of substantial performance and its applicability.

---

Definitions:

Physical Weaknesses

Refers to limitations in physical strength or endurance, often due to illness, injury, or lack of fitness.

Rational

Based on or in accordance with reason or logic; capable of reasoning or thinking clearly.

Jung

Carl Jung was a Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the role of the collective unconscious, archetypes, and individuation in human psychological development.

Decisions

The act or process of making choices or judgments after considering alternative actions, outcomes, or strategies.