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bedau bedau
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7 years ago
The purchasing power parity theory "predicts" that if the price of semiconductors in the United States is $3 and the price in Japan is 210 yen for a comparable semiconductor, the exchange rate would be (assume only 1 good is traded, there is no government intervention, and transportation costs are negligible)
A) 180 yen/$.
B) 140 yen/$.
C) 70 yen/$.
D) $/yen 1.45.
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Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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7 years ago
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bedau Author
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7 years ago
this is exactly what I needed
loki1345
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Yesterday
Just got PERFECT on my quiz
Natalie Price
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2 hours ago
Thanks
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