The Trading-Triangle Concept Is Used to Indicate a Nation's

question 69

Multiple Choice

The trading-triangle concept is used to indicate a nation's:

• A) Exports,marginal rate of transformation,terms of trade
• B) Imports,terms of trade,marginal rate of transformation
• C) Marginal rate of transformation,imports,exports
• D) Terms of trade,exports,imports

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Definitions:

Time-Sales Financing

A financing method where payments are made in installments over a predetermined time period.

Prepayment Penalties

Fees charged to borrowers for paying off a loan early, as compensation for the lender's lost interest income.

Pledge of Inventory

The use of a company's inventory as collateral to secure a loan or meet other financial obligations.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.