How many British pounds would it cost to buy a pair of American designer jeans costing 45 if the exchange rate is 1.60 dollars per British pound?
A) 38.125 British pounds
B) 28.125 British pounds
C) 48.125 British pounds
D) 58.125 British pounds
E) 18.125 British pounds
Question 2
A reason why it is difficult for developing countries to maintain a cartel is that
A) the elasticity of demand for a cartel's output decreases over time.
B) producers in the cartel have an economic incentive to cheat.
C) economic profits discourage other producers from entering the industry.
D) producers in the cartel have the motivation to lower prices but not to raise prices.
E) tariffs allow producers in the cartel to produce items that make no profit.
Deforestation in the forests of British Columbia.
This cat has accepted this pair of guinea pigs.
American red squirrel
Cost of Copying for the Follower Country
question in cost accounting