Proponents of global sourcing admit that nations risk a drain on knowledge and valuable skills that keep an economy competitive

When boot is involved in an exchange having commercial substance.

a. gains or losses are recognized in their entirely. b. a gain or loss is computed by comparing the fair value of the asset received with the fair value of the asset given up. c. only gains should be recognized. d. only losses should be recognized.

What is the most prevailing disadvantage of a land contract to the seller?

a. The lower interest rate= b. The lower monthly payments c. No down payment d. Risk of buyer default