Q. Illustrate what strategies should be considered if a small business is setting prices for a product that is to be exported? Explain how do these strategies differ from those used in a domestic market?
Q. Assume that you borrow $5,000 for one year and at the end of the year you repay $5,000 plus $600 of interest. If the inflation rate was 4%, illustrate what was the real interest rate you paid?