Recent Posts • Latest Topics • Unanswered Questions

The "Big Mac Theory of Exchange Rates" tests the accuracy of the purchasing power parity theory. ...

jayjayhussle310

wrote...

Go to Answer

Posts: 280

Rep:

5 years ago

The "Big Mac Theory of Exchange Rates" tests the accuracy of the purchasing power parity theory. ...

The "Big Mac Theory of Exchange Rates" tests the accuracy of the purchasing power parity theory. In July 2015, the Economist reported that the average price of a Big Mac in the United States was $4.79. In Mexico, the average price of a Big Mac at that time was 49 pesos. If the exchange rate between the dollar and the peso was 13.60 pesos per dollar, explain how it would be profitable to buy Big Macs in Mexico instead of in the

Textbook

InMacro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 51 times

1 Reply

Report

Replies

Answer verified by a subject expert

edr

wrote...

Posts: 161

Rep:

5 years ago

More solutions for this book are available here

Report

Related Topics

jayjayhussle310 Author

wrote...

5 years ago

Brilliant ツ

oscar520000

wrote...

Yesterday

Thanks for your help!!

mmmm_dat_userna

wrote...

2 hours ago

You make an excellent tutor!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1336 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

246

470

253

Your Opinion

Previous poll results: Who's your favorite biologist?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.