INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 55

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-If the proceeds from the sale of your repossessed collateral are insufficient to pay the balance due on your loan,the lender usually [can | cannot] collect the deficiency from you.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

---

Definitions:

South African Rand

The South African Rand is the official currency of South Africa, represented by the symbol ZAR.

Dell P.C.

Dell P.C. refers to personal computers manufactured by Dell Inc., an American multinational computer technology company known for developing, selling, repairing, and supporting computers and related products and services.

Comparative Advantage

Total output is greatest when each product is made by the country that has the lowest opportunity cost.

Free Trade

The absence of artificial (government) barriers to trade among individuals and firms in different nations.