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wberry8 wberry8
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A year ago
Scenario: The price of a standard basket of goods in Country A is 10 pesos. The price of the same basket of goods in country B is 25 francs and $5 in the United States. Country A has an income per capita of 60,000 pesos, and country B has an income per capita of 100,000 francs. Assume full employment in both countries.


Refer to the above scenario. For 100 francs, how many baskets of goods that cost $1 in the United States can one purchase in country A?

▸ 10

▸ 5

▸ 4

▸ 25
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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parrotheadparrothead
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A year ago
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wberry8 Author
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A year ago
You make an excellent tutor!
SlimyPencil
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Helped a lot
hpascoe
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Thanks
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