Which of the following statements is true?
A) If the domestic price of a good in a country is higher than the world price, the country will become an exporter of the good.
B) Whether a country becomes an importer or an exporter of a good depends only on the domestic price of the good and is independent of the world price of the good.
C) If the domestic price of a good in a country is higher than the world price, the country will become an importer of the good.
D) Whether a country becomes an importer or an exporter of a good depends only on the world price of the good and is independent of the domestic price of the good.
C
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Which of the following is NOT a part of the path-goal theory?
a. provides a clear path b. helps remove barriers to the problems c. increases the rewards along and at the end of the route d. none of the above
How is the foreign exchange market similar to the stock market?
What will be an ideal response?