Assume the exchange rate is 1 U.S. dollar equals 1.10 Canadian dollars. If purchasing power parity is correct, a DVD that has a price of $10 in Rochester, New York, in Canada has a price of ________ Canadian dollars
A) 10.00 B) 10.10 C) 11.00 D) 11.11 E) 9.09
C
Economics
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A Purchasing Manager's Index above 50 indicates
A) an expanding manufacturing sector. B) a downturn in economic activity. C) an increase in bond prices in the near future. D) an expanding retail sector.
Economics
In the long run, a firm might experience rising per-unit cost due to:
a. economies of scale. b. diseconomies of scale. c. the law of supply. d. the law of diminishing marginal returns.
Economics