How Could You Profit from a Situation in Which the Cost

question 55

Multiple Choice

How could you profit from a situation in which the cost of t-shirts was 15 dollars in Canada, 10 euros in Spain, and the exchange rate was 2 dollars per euro?

• A)Buy t-shirts in spain and sell them in Canada.
• B)There is no opportunity for profit in this example.
• C)Sell Canadian dollars to buy euros and wait for the value of the euro to rise.
• D)Buy t-shirts in Canada and sell them in Spain.
• E)Lobby the federal government to impose a tariff on Spanish made t-shirts.

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Definitions:

Organization

An entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment.

Professional Judgment

The use of expertise and ethics in making decisions within a professional context.

Personal Morals

An individual's set of ethical principles or values guiding their behavior and decision-making.

Abortion

The medical or surgical termination of a pregnancy before the fetus can survive outside the uterus.