If the ratio of the dollar price of a U.S.toy to the dollar price of the same toy sold in China is less than 1,U.S.toys are ________ than Chinese toys and retailers in the United States should ________.

Question

Quizplus · Accepted Answer

If the dollar price ratio is less than 1, it means that the U.S. toy is cheaper than the same Chinese toy. Therefore, retailers in the United States should buy the toys from American suppliers.

If the Ratio of the Dollar Price of a U