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