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Home Q & A Board Other Fields Homework Help Business Economics
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Chako Chako
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8 years ago
If the representative basket of European goods and services costs 40 euros, the representative U.S. basket costs $50, and the dollar/euro exchange rate is $0.90 per euro, then the price of the European basket in terms of U.S. basket is
A) [(0.9 $/euro) (40 euro per a European basket) (50 $ U.S. basket)].
B) [(0.9 $/euro) (40 euro per a European basket)]/[(50 $/U.S. basket)].
C) [(0.9 $/euro) (50 $/U.S. basket)]/[(40 euro per a European basket)].
D) [(40 euro per a European basket)]/[(50 $/U.S. basket) (0.9 $/euro)].
E) [(50 $/U.S. basket)].
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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7 years ago
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Chako Author
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#2
7 years ago
Makes a lot of sense, and you're right.. I appreciate the input
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#3
7 years ago
Good luck
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