Suppose That the Exchange Rate Is 10 Moroccan Dirhams Per

question 218

Multiple Choice

Suppose that the exchange rate is 10 Moroccan dirhams per Canadian dollar. Also suppose that you can buy a crate of oranges for 300 dirhams in the Moroccan capital of Rabat and can buy a similar crate of oranges in Ottawa for $35. Which statement is consistent with these facts?

• A) The real exchange rate is greater than one, and arbitrageurs could profit by buying oranges in Canada and selling them in Morocco.
• B) The real exchange rate is greater than one, and arbitrageurs could profit by buying oranges in Morocco and selling them in Canada.
• C) The real exchange rate is less than one, and arbitrageurs could profit by buying oranges in Canada and selling them in Morocco.
• D) The real exchange rate is less than one, and arbitrageurs could profit by buying oranges in Morocco and selling them in Canada.

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Definitions:

Intimate Terrorism

A pattern of coercive control and power by one partner over the other in an intimate relationship, often leading to physical, emotional, or psychological abuse.

Heterosexuality

describes a sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of one's own sex.

Gender Ideology

The set of societal norms and beliefs that dictate the expected behaviors, roles, and opportunities based on one's perceived sex or gender identity.