Determine Whether the Given Matrix Is Stochastic

question 1

Multiple Choice

Determine whether the given matrix is stochastic. ​ ​

• A) Yes
• B) No

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Definitions:

Trade

The exchange of goods or services between entities or individuals, often conducted internationally or domestically to mutual benefit.

Coffee

A beverage made from the roasted and ground seeds of a coffee plant, consumed globally for its stimulating effect.

Comparative Advantage

The concept that a country, individual, or company produces a good or service at a lower opportunity cost than their competitors.

Trade

The exchange of goods or services between parties, which could be within an economy or between economies.