Figure 21-5

question 93

Multiple Choice

Figure 21-5
(a)
(b)
-Refer to Figure 21-5. In graph (b) , what is the price of good Y relative to the price of good X (i.e., P_Y/P_X) ?

• A)1/3
• B)1
• C)3
• D)10

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Definitions:

Global Markets

The international trading system that enables the exchange of goods, services, and currencies across borders.

Transform Cultures

The process of making significant and fundamental changes to the shared values, beliefs, norms, and practices within an organization to achieve desired outcomes.

Domestic Corporations

Companies that are incorporated in, and operate primarily within, the country they are registered.

World's Economy

Describes the global network of economic activities, including production, consumption, and trade of goods and services across different countries.