1. With free trade under increasing costs:
neither nation will specialize completely in production
at least one nation will consume above its production frontier
a small nation will always gain from trade
all of the above
2. Being specific, identify Technical Analysis and explain its relation to or its effect on portfolio management and why it is analytically useful?
3. Toni's has a net cash inflow, excluding long-term financing expenses, for the quarter of $418.02. The beginning cash balance is $187.40. The firm has $546 in short-term debt with a quarterly interest rate of 1.2 percent. New company policy is to maintain a minimum cash balance of $140. How much does the firm need to borrow or how much can it repay on its loan to have a zero cumulative surplus for the quarter?
Repay $308.19
Borrow $276.69
Repay $458.87
Borrow $458.87
Repay $465.42