You own stock in a firm that has a pure discount loan due in six months. the loan has a face value of $50,000. the assets of the firm are currently worth $62,000. the stockholders in this firm basically own a option on the assets of the firm with a strike price of

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.