Economic theories suggest that free trade and investment is a positive-sum game, in which all participating countries stand to gain
Indicate whether the statement is true or false.
TRUE
Economic theories of international trade predict that unrestricted free trade will allow countries to specialize in the production of goods and services that they can produce most efficiently. The result is greater world production than would be possible with trade restrictions. Opening a country to free trade stimulates economic growth, which creates dynamic gains from trade. Foreign direct investment (FDI) can transfer technological, marketing, and managerial know-how to host nations. Thus economic theories suggest that free trade and investment is a positive-sum game, in which all participating countries stand to gain.
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What does the English rule for successive assignments provide?
A) The first assignment in time prevails, regardless of notice. B) The first assignment in time prevails, pending notice. C) The first assignee to give notice to the obligor prevails. D) The first assignee who receives a tangible token prevails.
Covenants in a bond contract restrict the actions that management of a firm can take that would benefit the debtholders of a firm at the expense of the equity holders of the firm
Indicate whether this statement is true or false.