(Table: an Economy Before and After Trade) Why Does the Return

question 84

Multiple Choice

(Table: An Economy Before and After Trade) Why does the return to capital change after trade occurs? The top part of the table gives manufacturing and agricultural prices, production, resource utilization, and resource payments in autarky (a no-trade situation) . The bottom part of the table provides (some of) the same information after trade occurs.

• A) There is more labor used in the manufacturing sector.
• B) There is more capital used in the manufacturing sector.
• C) There is more labor used in the agricultural sector.
• D) There is more land used in the agricultural sector.

Understand the basic characteristics and concepts related to stocks in corporations.

Identify the legal and financial structure of corporations including the rights and obligations of shareholders.

Understand the roles and responsibilities of entities such as registrars in the context of corporate governance.

Recognize the types of stock and their specific rights, including preferred and common stock.

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Definitions:

Paid

Receiving money or compensation for services rendered or work done.

Processes

Sequences of actions or methods followed in order to achieve particular outcomes or objectives.

Rewards

Benefits, either material or symbolic, given in recognition of one’s effort, achievement, or service.

Moods

Emotional states that can influence perceptions, decision-making, and interpersonal interactions.