If the HHI for the widget industry is 1,200, then the market structure is

Countries that engage in trade will tend to specialize in the production of goods and services in which they have ________ and will ________ these goods and services

A) a comparative advantage; export B) a comparative advantage; import C) an absolute advantage; import D) an absolute advantage; export

If one party pays a fixed fee on a regular basis in return for a contingent payment that is triggered by a downgrading of a firm's credit rating, that is called a

A) credit option. B) credit swap. C) credit-linked note. D) credit default swap.