The balance of trade account reflects only transactions associated with the international trade of goods

Alvin can produce either 18 chairs or 9 tables in a week, while Dean can produce either 16 chairs or 4 tables in a week. If the terms of trade are established as 1 table for 2 chairs, there are no incentives for Alvin to specialize and trade with Dean

a. True b. False Indicate whether the statement is true or false

What do stocks represent?

A. Shares of ownership in a corporation and a guaranteed stream of profits B. Shares of ownership in a corporation and an entitlement to its future profits C. Debt contracts with a corporation and regular interest payments on the loan D. Debt contracts with a corporation and variable interest payments on the loan