In the past six months, Luke's take-home income increased from $4,000 per month to $5,000 per month. While on vacation in Hawaii, Luke told his wife to buy whatever jewelry she would like, as the jewelry was rare to find off the island. Normally his wife would buy one jewelry item while on vacation. However, this time she purchased four jewelry items. Using the mid-point formula, the income elasticity is and the jewelry items are goods.

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Aminor has the legal right to repudiate

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.