If the Price of a Burger Is $2

question 24

Multiple Choice

If the price of a burger is $2.90 Canadian in Toronto and $3 U.S.in New York, and if purchasing power parity holds, then the exchange rate is

• A)103 cents U.S.per Canadian dollar.
• B)$1 U.S.per Canadian dollar.
• C)$3 U.S.per Canadian dollar.
• D)97 cents U.S.per Canadian dollar.
• E)$0.80 Canadian per U.S.dollar.

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Definitions:

Gross Motor Skills

Abilities that involve the control of large muscles of the body, such as those used for walking, jumping, and maintaining balance.

Broad Jumps

A track and field event where the athlete jumps as far as possible from a standing position.

Psychosocial Developmental

The process of psychological and social growth that occurs over a person's lifetime, influenced by individual, social, and cultural factors.

Delay Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.