Sherri lives in Canada and is considering buying a new sofa. If the price level in Canada falls and the price level in the United States does not change, Canadian manufactured sofas are relatively
A) less expensive, so Sherri will likely purchase a U.S. manufactured sofa.
B) less expensive, so Sherri will likely purchase a Canadian manufactured sofa.
C) more expensive, so Sherri will likely purchase a U.S. manufactured sofa.
D) more expensive, so Sherri will likely purchase a Canadian manufactured sofa.
E) Both answers B and D could be correct depending on whether U.S. manufactured sofas were initially more expensive or less expensive than Canadian sofas.
B
You might also like to view...
Economic globalization has seen ________
A) business cycles in the rest of the world synchronize with those of the U.S. B) financial markets become more integrated over time C) financial disruptions spread more easily among countries D) all of the above E) none of the above
Workers in urban work units work for
a. start ups b. state owned enterprises c. the government d. a, b and c are correct e. none of the above