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The country of Hokah uses 30 units of labor to produce a unit of cheese and 35 units of labor to produce a unit of leather. The country of Ymer uses 25 units of labor to produce a unit of cheese and 2

A. Ymers opportunity cost of one unit of leather is 0.80 units of cheese.
B. Hokahs opportunity cost of one unit of cheese is 1.167 units of leather.
C. Ymer has an absolute and a comparative advantage in both cheese and leather.

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The country of Hokah uses 30 units of labor to produce a unit of cheese and 35 units of labor to produce a unit of leather. The country of Ymer uses 25 units of labor to produce a unit of cheese and 2

A. Ymers opportunity cost of one unit of leather is 0.80 units of cheese. B. Hokahs opportunity cost of one unit of cheese is 1.167 units of leather. C. Ymer has an absolute and a comparative advantage in both cheese and leather.

If the probability of event J multiplied by the probability of event K is not equal to the joint probability of events J and K, then events J and K are most likely:

A hedge fund that requires incentive fees to be calculated only on the portion of returns above a benchmark return is said to have a:

Roger Smith, CFA, has been invited to join a group of analysts in touring the riverboats of River Casino Corp. For the tour, River Casino has arranged chartered flights from casino to casino since com

A. Ymers opportunity cost of one unit of leather is 0.80 units of cheese.
B. Hokahs opportunity cost of one unit of cheese is 1.167 units of leather.
C. Ymer has an absolute and a comparative advantage in both cheese and leather.