The Table Given Below Represents Butter and Ham Production by Two

question 64

Multiple Choice

The table given below represents butter and ham production by two countries Norway and Sweden.Table 2.5

-The concept of comparative advantage applies:

• A)only to people with at least a high school diploma.
• B)only to people who are currently employed.
• C)to situations in which you have information about the salary levels of those with whom you are competing for a job.
• D)to every case of trade or exchange.
• E)only to goods that are sold in the domestic market.

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock, representing its official worth.

Interest

The cost of borrowing money, expressed as a percentage of the total amount loaned, or the income earned on invested capital.

Bonds Discount

The difference when bonds are sold for less than their face value.

Bonds Premium

The amount by which the price of a bond exceeds its face value, typically because the market interest rate is below the coupon rate of the bond.