If products or services are perceived as being different in a way that is valued by customers, even if there is no physical differentiation, then product differentiation exists

An indemnity is an obligation on the part of a principal to reimburse the agent against any losses incurred when the latter is acting on behalf of the former

Indicate whether the statement is true or false

The more elastic the import demand curve is, the

A) more elastic the demand curve for foreign exchange is. B) less elastic the demand curve for foreign exchange is. C) more elastic the supply curve for foreign exchange is. D) less elastic the supply curve for foreign exchange is.