Following a Devaluation of the Greek Drachma,which of the Following

question 34

Multiple Choice

Following a devaluation of the Greek drachma,which of the following products sold in Greece is most likely to bear a drachma price increase?

• A)Fiat automobile,sold to the low end of the market
• B)Kentucky Fried Chicken dinner,facing competition from local fast food restaurants
• C)IBM mainframe computer,whose only competition comes from other American computer companies
• D)shirts from Hong Kong,facing competition from local manufacturers

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