David Ricardo's theory of comparative advantage was the first to explain why unrestricted free trade is beneficial to a country
Indicate whether the statement is true or false.
FALSE
Proposed in 1776, Adam Smith's theory of absolute advantage was the first to explain why free trade is beneficial to a country.
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The difference between mediation and arbitration is?
A) mediation is similar to a trial in that the mediator will make a decision that will be binding on the parties B) arbitration is like a trial in that the arbitrator will make a decision that will be binding on the parties C) there is no difference between the two; they are different names for the same process called Alternate Dispute Resolution (ADR); D) only a judge can be a mediator while anyone can be an arbitrator
When a situation exists in which two corporations have headquarters in two different countries and each makes a loan of equivalent value to the subsidiary of the other company that operates in its country, we say ________ exists
A) a lagging accounts receivable payment B) a parallel loan C) the right of offset D) a back-to-back loan