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johnpaul92 johnpaul92
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8 years ago
Three-wheel cars made in North Edsel are sold for 5000 pounds. Four-wheel cars made in South Edsel are sold for 10,000 marks. The real exchange rate between North and South Edsel is four three-wheel cars for three four-wheel cars. The nominal exchange rate between the two countries is
A) 2.00 marks/pound.
B) 1.50 marks/pound.
C) 0.66 marks/pound.
D) 0.50 marks/pound.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This is incredible, wasn't expecting anyone to answer this one
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#3
8 years ago
Take care for now
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#4
4 years ago
Thank you
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