The idea that a voting scheme cannot be devised that respects individual preferences and gives consistent, nonarbitrary results is known as

According to this Application, workers in the EU were more productive than workers in Latvia in the 1990s, yet EU nations still purchased products from Latvia. This is because Latvia ________ in the production of the products it sold to EU nations

A) used fewer resources B) had a higher opportunity cost C) had an absolute advantage D) had a comparative advantage

A derivative is a:

a. contract derived from a spot market rate. b. fixed exchange rate. c. flexible exchange rate. d. contract between firms for foreign currency.