If a Basket of Goods Costs 1000 Euros in Europe

question 17

Multiple Choice

If a basket of goods costs 1000 euros in Europe and the Canadian dollar exchange rate is $1.40 = 1 euro, then according to the theory of PPP the same basket of goods should cost in Canada.

• A)$ 140.00
• B)$ 714.29
• C)$1000.00
• D)$1400.00
• E)$7142.90

---

Definitions:

Employee Involvement

Refers to practices and methods that empower employees to participate in decisions that affect their jobs and the overall direction of the organization.

Committed

Being dedicated or loyal to a cause, activity, or task, often demonstrating a willingness to give time and energy to something believed in.

Implementing

The process of putting plans, decisions, or agreements into effect.

Quality

The degree of excellence of a product, service, or process, often measured against predetermined standards.