Suppose purchasing power parity exists in the car stereo market in the United States and Australia. If a car stereo costs $230 in the United States and the exchange rate is $1 = $AUD1.67, the same car stereo may be purchased in Australia for approximately:
a. $AUD 138.
b. $AUD 230.
c. $AUD 2,300.
d. $AUD 384.
e. $AUD 108.
d
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As a result of a major overhaul of the U.S. welfare system in 1996:
A. Benefits were expanded for immigrants B. Immigrants are denied benefits for their first five years in the U.S. C. Immigrants are denied benefits for their first three years in the U.S. D. More immigrants qualified for welfare benefits
Which of the following firms is considered a monopolistically competitive firm using the four-firm concentration ratio?Firm A: Four-Firm Concentration ratio=35%Firm B: Four-Firm Concentration ratio=25%
A. Firm A B. Firm B C. Both Firm A and Firm B D. Neither Firm A nor Firm B
Does globalization promote economic growth, and how does globalization affect the welfare of a given country's citizens?
What will be an ideal response?
To achieve a $500 billion decrease in AD, if the MPC is 0.8, what decrease in government purchases would be called for?
a. $100 billion b. $400 billion c. $500 billion d. $625 billion