If the Real Exchange Rate Between the U

question 64

Multiple Choice

If the real exchange rate between the U.S.and Argentina is 1,then

• A)purchasing-power parity holds,and 1 U.S.dollar buys 1 Argentinean bolivar.
• B)purchasing-power parity holds,and the amount of dollars needed to buy goods in the U.S.is the same as the amount needed to buy enough Argentinean bolivars to buy the same goods in Argentina.
• C)purchasing-power parity does not hold,but 1 U.S.dollar buys 1 Argentinean bolivar.
• D)purchasing-power parity does not hold,but the amount of dollars needed to buy goods in the U.S.is the same as the amount needed to buy enough Argentinean bolivars to buy the same goods in Argentina.

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Definitions:

Definition of "Place"

In marketing, the definition of "place" involves the distribution channels or locations where a product is made available to consumers.

Wholesalers

Businesses that buy large quantities of products from manufacturers or other suppliers and then sell smaller quantities to retailers or other businesses.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.

"Place"

One of the four Ps in the marketing mix, referring to the location where a product or service is marketed or made available to consumers.