If Oranges Sell for $100 Per Crate in the United

question 47

Multiple Choice

If oranges sell for $100 per crate in the United States and 4000 pesos per crate in Mexico, the law of one price indicates that you should be able to exchange $1 for

• A)0.025 peso.
• B)4 pesos.
• C)40 pesos.
• D)400 pesos.

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Definitions:

Normative Component

Involves the evaluative and prescriptive aspects, particularly in ethics and legislation, which dictate what should be accepted as standard or correct.

Type A Personality

A personality trait characterized by high levels of competitiveness, self-imposed stress, impatience, and a sense of urgency.

Employee Engagement

The level of enthusiasm and dedication a worker feels towards their job and company, which impacts their willingness to contribute to organizational success.

Job Satisfaction

The degree to which employees feel contentment or happiness with their jobs, considering aspects like work environment and compensation.