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The World Price of a Simple Electronic Calculator Is $5

Question 113

Multiple Choice

The world price of a simple electronic calculator is $5.00.Before Singapore allowed trade in calculators,the price of a calculator there was $4.00.Once Singapore began allowing trade in calculators with other countries,Singapore began


A) importing calculators and the price of a calculator in Singapore increased to $5.00.
B) importing calculators and the price of a calculator in Singapore remained at $4.00.
C) exporting calculators and the price of a calculator in Singapore increased to $5.00.
D) exporting calculators and the price of a calculator in Singapore remained at $4.00.

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