Because Casey Can Type Reports Faster and More Accurately Than

question 3

Multiple Choice

Because Casey can type reports faster and more accurately than Ahmet,Casey has a(n) _____ in typing reports.

• A)comparative advantage
• B)absolute advantage
• C)opportunity cost
• D)specialization

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Definitions:

Market Value

The cost for buying or selling assets or services in the marketplace at this time.

Constant Rate

A fixed percentage rate applied over a certain period which does not change.

Dividend Per Share

The amount of dividends paid to shareholders per share, indicating the distribution of company profits to shareholders.

Annual Dividend

The sum of all dividends a shareholder gets from a company over the course of a year.