The Following Question Are Based on the Following Graphs for Men's

question 7

Multiple Choice

The following question are based on the following graphs for men's shirts in South Korea and the United States. The exchange rate is 1,200 won equals $1.00.

-Under free trade,the price of men's shirts in South Korea tends toward ________ won.

• A) 12,000
• B) 24,000
• C) 36,000
• D) 48,000
• E) 60,000

---

Definitions:

Residual

The remaining amount left over from an equation or calculation, often referred to in terms of profits or leftovers in financial contexts.

Marginal

Refers to the additional or incremental change in an outcome resulting from a unit change in some activity, often used in economics to discuss marginal cost or benefit.

Recaptured Depreciation

The taxable difference between adjusted cost of disposal and UCC when UCC is smaller.

UCC

Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.