Given the Following Classical-Type Table Showing the Fixed Money Prices

question 22

Multiple Choice

Given the following Classical-type table showing the fixed money prices of each good in each of the two countries:
$\begin{array} { l c c } & \underline{\text { Shoes } }&\underline{ \text { Wine} } \\\\\text { United States } & \text { \$20/pair } & \text { \$10/bottle } \\\text { Switzerland } & 100 \text { francs/pair } & 40 \text { francs/bottle }\end{array}$
If the exchange rate is flexible, the upper limit to the price of the dollar (i.e., the number of Swiss francs per dollar above which there is export of both goods by Switzerland) is

• A) 5 francs = $1.
• B) 4 francs = $1.
• C) 0.25 francs = $1.
• D) 0.20 francs = $1.

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Definitions:

Logical Operators

Represent symbols in programming that perform logical conjunctions (AND), disjunctions (OR), negations (NOT), and conditional operations.

Logical Expressions

Statements that are evaluated as true or false and are used to control the flow of execution in programming languages.

Logical Expression

A statement that evaluates to true or false depending on the values of its variables and logical operators used.

Evaluates

Refers to the process of assessing or calculating the value or result of an expression in programming and mathematics.