Answer the question using the accompanying cost ratios for two products, fish (f) and chicken (c), in countries singsong and harmony. assume that production occurs under conditions of constant costs and that these are the only two nations in the world. singsong: 1f = 2c harmony: 1f = 4c if these two nations specialize based on comparative advantage: a. harmony will produce chicken and singsong will catch fish. b. singsong will produce chicken and harmony will catch fish. c. singsong will both produce chicken and catch fish. d. harmony will both produce chicken and catch fish.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.