In the Presence of Purchasing-Power Parity, If One Dollar Exchanges

question 104

Multiple Choice

In the presence of purchasing-power parity, if one dollar exchanges for two British pounds and if a VCR costs $400 in the United States, then in Great Britain the VCR should cost

• A) 200 pounds.
• B) 400 pounds.
• C) 600 pounds.
• D) 800 pounds.

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Definitions:

Cluttered Phrase

A phrase that is overly complex and difficult to understand, often due to unnecessary words or convoluted structure.

External Proposal

A formal suggestion or plan submitted to those outside an organization for consideration or decision.

Internal Proposal

A document or request submitted within an organization by one of its members, aiming to propose a project or initiative for internal approval.

Sales Message

A communication designed to persuade or influence potential customers to purchase a product or service, emphasizing benefits and value.