Multiple Choice
Suppose that the dollar buys less cotton in Canada than in Egypt. How could traders make a profit?
A) by buying cotton in Canada and selling it in Egypt, which would tend to raise the price of cotton in Canada
B) by buying cotton in Canada and selling it in Egypt, which would tend to raise the price of cotton in Egypt
C) by buying cotton in Egypt and selling it in Canada, which would tend to raise the price of cotton in Egypt
D) by buying cotton in Egypt and selling it in Canada, which would tend to raise the price of cotton in Canada
Correct Answer:
Verified
Correct Answer:
Verified
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