Eco 365 Week 1 DQ 2
1. Does this line of reasoning make any sense to you? Why or why not? Assume that the foreign competitors are not affected as much by the increase in the cost oil/gasoline as domestic firms and therefore, it the US firms increased their price it would be higher than the price for the foreign good.
I agree with former line of reasoning, the thing is that if we talk about the US markets. The US consumer these days wants a great bargain on a fixed budget. With a sluggish economic recovery in progress, therefore the aforementioned logic and the line of reasoning are quite pertinent and relevant. Another thing about foreign businesses is that the US consumer has a knack for foreign goods and America&rs