If two countries are very different in relative factor abundance, then empirical support for which of the following would less likely?

The demand curve for British pounds (in terms of U.S. dollars) is ________.

A. downward-sloping because a higher dollar price of pounds means British goods are cheaper to Americans B. downward-sloping because a lower dollar price of pounds means British goods are more expensive to Americans C. downward-sloping because a lower dollar price of pounds means British goods are cheaper to Americans D. upward-sloping because a lower dollar price of pounds means British goods are cheaper to Americans

Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. Given the scenario described, if the market price of hammers was $10, then:

A. only House Depot would gain surplus by supplying hammers to the market. B. House Depot, Lace Hardware, and Bob's Hardware would all supply hammers to the market, but Bob's would lose surplus. C. only House Depot and Lace Hardware would gain surplus by supplying hammers to the market. D. only House Depot and Bob's Hardware would supply hammers to the market.