The Big Pharma Co. is considering developing a new drug from a recently discovered compound. The process will cost $15 million initially. The company expects it to generate revenue of $30 million immediately after a six-year testing process. If the annual interest rate is 12%, the net present value of the project is:

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.