Multiple Choice
Following a devaluation of the Brazilian real, which of the following products sold in Brazil is most likely to bear a reals price increase?
A) Hyndai 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
Correct Answer:
Verified
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