It Is __________ to Miss a Bus by Five Minutes

question 77

Multiple Choice

It is __________ to miss a bus by five minutes than to miss it by an hour because __________.

• A) less distressing; you don't have to wait as long for the next bus
• B) more distressing; it's easier to imagine what you might have done to catch the bus
• C) less distressing; it's easier to imagine what you might have done to catch the bus
• D) more distressing; images of the people waiting for you are more available in memory

Identify sources of comparative advantage in international trade.

Explain the difference between absolute and comparative advantage.

Apply the concepts of opportunity cost and comparative advantage to analyze trade patterns between countries.

Understand the role of factor endowments in determining comparative advantage.

---

Definitions:

Return on Equity

A measure of a company's profitability by revealing how much profit a company generates with the money shareholders have invested.

Return on Assets

A profitability ratio that indicates how efficiently a company is using its assets to generate earnings.

Return on Sales

A financial ratio that calculates how efficiently a company is generating profits from its revenue, typically expressed as a percentage of sales revenue that turns into net income.

Ending Cash Balance

The amount of cash on hand at the end of a financial period.