According to trade theory
A. high-cost labor will automatically cause a country to be uncompetitive in export markets.
B. if a currency's exchange rate strengthens, then its exporters will no longer be able to profitably export their products.
C. traders need to know the exchange rate between their own currency and that of the nation they are considering trading with, before they can decide whether it is advantageous to import, export, or buy locally.
D. devaluation of a currency will automatically cause a nation's products to be price competitive in international markets.
E. devaluation of a country's currency will cause domestic prices to decrease.
Answer: C
You might also like to view...
When it comes to determining the strength of a statistically significant correlation coefficient, there are rules of thumb. For example, .81 to 1.00 is considered "weak."
Indicate whether the statement is true or false
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory$25,000 Ending Raw Materials Inventory 30,000 Beginning Work in Process Inventory 55,000 Ending Work in Process Inventory 64,000 Beginning Finished Goods Inventory 80,000 Ending Finished Goods Inventory 67,000 Cost of Goods Sold for the period 540,000 Sales Revenues for the period 1,254,000 Operating Expenses for the period 232,000
A. $549,000. B. $536,000. C. $553,000. D. $527,000. E. $525,000.
An action for negligence consists of which of the following elements which the plaintiff must prove?
a. Injury. b. Res ipsa loquitur. c. A reasonable person. d. All of these.
Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million
If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover? A) 12.50 B) 10.00 C) 42.00 D) 4.16 E) 20.00