If the Price of Yoo-Hoo Is $2 in New York

question 83

Multiple Choice

If the price of Yoo-hoo is $2 in New York and $1 in St. Petersburg, Russia (after converting the rubles to dollars) , you might expect:

• A) people to buy Yoo-hoo in St. Petersburg and sell it in New York until the price was the same in each country
• B) people to buy Yoo-hoo in New York and sell it in St. Petersburg until the price was the same in each country
• C) people to buy Yoo-hoo in St. Petersburg and sell it in New York and the price difference would remain
• D) the price difference to exist forever
• E) None of these answers are correct.

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