The 2017 price level in Great Britain was relatively higher than the price level in the United States. Thus, a U.S. manufacturing facility looking to buy coal for its plant would most likely buy coal at home in the United States.

Question

Quizplus · Accepted Answer

Since the price level in Great Britain is relatively higher than the price level in the United States, it is more likely that a U.S. manufacturing facility would buy coal at home in the United States. This is because buying coal overseas would likely be more expensive due to the higher price level in Great Britain.

The 2017 Price Level in Great Britain Was Relatively Higher