An Absolute Advantage Occurs When a Country Can Maintain _____

question 41

Multiple Choice

An absolute advantage occurs when a country can maintain _____.

• A)a monopoly by outlawing foreign imports
• B)a monopoly by levying high taxes on imports
• C)a monopoly by being the lowest-cost producer of a good or service
• D)its advantage by producing a good or service more efficiently

---

Definitions:

Unamortized Discount

The portion of a bond discount that has not yet been expensed to interest expense over the life of the bond.

Redeemed

In finance, it refers to the repayment or buyback of a debt or security, such as a bond or a share, usually at the maturity date or beforehand.

Semiannual Interest

Interest that is calculated and paid twice a year on an investment or loan.

Bond Discount

The financial difference that arises when a bond is sold for an amount below its official face value.