Refer to the Following Table When Answering the Following Questions

question 95

Multiple Choice

Refer to the following table when answering the following questions.
Table 19.1: East and West Fish and Chip Production
-Consider Table 19.1. In autarky, the price of fish in terms of chips is ________ in the West, and in the East the price is ________; therefore, the West has a comparative advantage in ________.

• A) 2; 3; fish
• B) 3; 2; chips
• C) 2; 3; chips
• D) 1/2; 1/3; fish
• E) Not enough information is given.

---

Definitions:

Initial Margin

The upfront payment required to enter into a trading position as a guarantee against potential losses.

Maintenance Margin

The minimum account balance that an investor must maintain in a margin account after buying securities on credit, to protect brokers against deficits.

Private Placements

The sale of stocks, bonds, or securities directly to private investors rather than through a public offering in the capital markets.

Primary Security Offerings

The process by which new securities are issued and sold to investors, allowing companies or governments to raise capital.