If the cost of buying an identical basket of goods in country A is greater than country B:
a. People will tend to sell currency from country A and buy currency from country B
b. The prices of those baskets of goods will tend to converge.
c. If the goods in the baskets are internationally traded, the tendency for prices to converge will be stronger.
d. All of the above are true.
d
Economics
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The burden that results from a tax on yachts falls more heavily on the buyers of yachts than on the sellers of yachts
a. True b. False Indicate whether the statement is true or false
Economics
Jennifer moved her law offices from an office she was renting downtown to the carriage house she has at the back of her property. How will her costs change?
a. explicit and implicit costs rise b. explicit costs rise and implicit costs fall c. explicit and implicit costs rise d. explicit costs fall and implicit costs rise
Economics