The Table Below Shows the Domestic Price of a Pair

question 88

Multiple Choice

The table below shows the domestic price of a pair of trousers in four countries.

-Refer to the table above.If the world price of trousers is $5 per pair,then which of the following statements is true?

• A) All four countries will import trousers.
• B) All four countries will export trousers.
• C) Country A and Country D will export trousers, whereas Country B and Country C will import trousers.
• D) Country B and Country C will export trousers, whereas Country A and Country D will import trousers.

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Definitions:

Academic Environment

The educational setting and culture of an institution where learning, teaching, and research occur.

Global Leadership Skills

The capabilities required to lead and manage across cultures and borders, encompassing strategic thinking, adaptability, and understanding of global market dynamics.

Global Leadership Skills

Competencies and abilities essential for leading and managing effectively in diverse and international environments.

Global Environment

The broader context in which international businesses operate, encompassing economic, political, social, and technological factors across the world.