Refer to Table 2-9. If the two countries specialize and trade, who should export wristwatches?
A) Thailand
B) They should both be importing wristwatches.
C) Japan
D) There is no basis for trade between the two countries.
A
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If Mark tries to purchase a new refrigerator in a perfectly competitive market, then
A) he will have a very limited ability to negotiate over the price. B) he will have only a few sellers available to him. C) he will see large differences in the types of refrigerators sold across sellers. D) he will find himself constantly haggling with sellers over the price. E) None of the above is correct.
Suppose Ford Motor Company issues a 5% bond with a stipulation that if a national index of SUV sales drops by 10%, then Ford can decrease the coupon rate to 3%. This security is called a
A) credit option. B) credit swap. C) credit-linked note. D) credit default swap.