Suppose $1 Canadian is worth 13 Mexican pesos, then a bike that costs $2,000 Canadian should sell for 30,000 pesos in Mexico
a. True
b. False
Indicate whether the statement is true or false
False
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The relationship between unemployment and inflation is
A) nonexistent. B) positive. C) negative. D) None of the above.
Which is NOT a necessary condition for price discrimination to exist?
A) The firm must face a downward sloping demand curve. B) The firm must identify buyers with different elasticities of demand. C) The firm must be able to prevent resale of the product or service. D) The firm must establish different prices to reflect marginal cost.
In the last 250 years the U.S. economy has succeeded in
What will be an ideal response?
An industry with a ________ long-run supply curve is called a constant-cost industry.
A. horizontal B. vertical C. positive sloping D. negative sloping