-Based on Their Comparative Advantages,Sam Should Specialize in Producing __________

question 120

Multiple Choice

-Based on their comparative advantages,Sam should specialize in producing __________ while Jenny should specialize in producing __________.

• A) shoes;pants
• B) both;neither
• C) neither;both
• D) pants;shoes
• E) pants;pants

---

Definitions:

Annual Interest Rate

The yearly rate charged by a lender to a borrower, expressed as a percentage of the principal loan amount.

Lottery Winnings

Income received from winning lotteries, which is often subject to taxation.

Semiannual Payments

Payments made twice a year as part of a financial agreement, often seen in the context of bonds or loans.

Interest Rate

The percentage of the principal amount charged by a lender to a borrower for the use of assets, usually expressed as an annual rate.