In one hour of labor input, South Korea can produce either 100 computer chips or 50 bed linens. In the U. S., in one hour of labor input, either 150 computer chips or 100 bed linens can be made. Select the correct response below. 1. The U. S. has a comparative advantage in computer chips manufacturing.
2. Both the U. S. and S. Korea have comparative advantages in computer chips manufacturing.
3. S. Korea has a comparative advantage in computer chips manufacturing.
4. S. Korea has an absolute advantage in bed linen production.
5. None of these are correct

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan