The Big Mac Index shows that the price of the Big Mac in China converted from the local currency, the yuan, to be $2.18, whereas its price in the United States is $3.73. This shows that:
A) the Big Mac is more popular in China than in the United States.
B) the Big Mac is less expensive in the United States than in China.
C) the Chinese yuan is overvalued when compared to US $.
D) the Chinese yuan is undervalued against the US $.
E) beef is less expensive in China than in the United States.
D
You might also like to view...
Which of the following does not appear in the production report?
A) costs transferred from prior departments B) costs added in the department C) physical units passing through the department D) retail value of the units produced
If no mode of acceptance is stated in the offer, then any mode that is reasonable in the
circumstances may be used. Indicate whether the statement is true or false
A codicil is a will substitute that avoids the cost of probate
Indicate whether the statement is true or false
Which of the following statements about the personal property coverage (Coverage C) of the Homeowners 3 policy is (are) true?
I. There are special limits of liability that apply to certain types of personal property. II. The full amount of coverage applies only if the property is permanently located at any residence of the insured. A) I only B) II only C) both I and II D) neither I nor II