The Eonomist's Big Mac Index suggests that
A. if a currency is undervalued, the Big Mac price in that currency will be up to 50% more expensive than the U.S. dollar price of a Big Mac.
B. the dollar price of the Big Mac will always be higher, because it is the home market.
C. if currencies are trading fairly, the Big Mac prices will be similar.
D. when the dollar is trading at a historical premium, Big Macs will be cheaper in the U.S.
Answer: C
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Which one of the following statements does NOT correctly explain a logic model?
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A. $240 B. $297 C. $300 D. $237