1.Following a devaluation of the Greek drachma, which of the following products sold in Greece is most likely to bear a drachma price increase?

a.

Kentucky Fried Chicken dinner, facing competition from local fast food restaurants

b.

shirts from Hong Kong, facing competition from local manufacturers

c.

Fiat automobile, sold to the low end of the market

d.

IBM mainframe computer, whose only competition comes from other American computer companies