A widget costs $1000 in the US and CAD$1200 in Canada. The current exchange rate is 1USD=1.09CAD. Given purchasing power parity, the Canadian dollar would_______to equilibrate prices
a. Appreciate
b. Depreciate
c. Not change
d. None of the above
b
Economics
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All points below the budget line are
A) inferior to every point on the budget line. B) preferred to every point on the budget line. C) affordable. D) Answers A and C are correct.
Economics
Antitrust laws in other countries are weak in comparison to U.S. antitrust laws
a. True b. False Indicate whether the statement is true or false
Economics