Table 9-2 Sarita and Gabriel Own S&G Bakery. Table 9-2 Lists the Bakery

question 30

Multiple Choice

Table 9-2

Sarita and Gabriel own S&G Bakery. Table 9-2 lists the number of pies and cakes Sarita and Gabriel can each bake in one day.
-Refer to Table 9-2.Select the statement that accurately interprets the data in the table.

• A)Sarita has an absolute advantage in baking cakes and Gabriel has an absolute advantage in baking pies.
• B)Sarita has an absolute advantage in baking pies and Gabriel has an absolute advantage in baking cakes.
• C)Sarita has an absolute advantage in baking pies and cakes.
• D)Gabriel has an absolute advantage in baking pies and cakes.

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Definitions:

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate.

Bond Price

The market price at which a bond is traded, reflecting its current value as determined by interest rates, the bond's credit quality, and other factors.

Interest Payments

Payments made to lenders or creditors as compensation for borrowing money, typically calculated as a percentage of the principal amount.

Face Amount

The amount specified on the face of a bond and the amount for which it will sell if the market rate of interest equals the contract rate.