The Nominal Exchange Rate Is About 2 Aruban Florin Per

question 192

Multiple Choice

The nominal exchange rate is about 2 Aruban florin per dollar. If a basket of goods in the United States costs $50, how many florins must a basket of goods in Aruba cost for purchasing-power parity to hold?

• A)52 florin
• B)25 florin
• C)48 florin
• D)100 florin

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Definitions:

Mediterranean Diet

A dietary pattern inspired by the traditional eating habits of countries bordering the Mediterranean Sea, emphasizing plant-based foods, healthy fats, and moderate consumption of fish and poultry.

Food Pyramid

A graphical representation designed to illustrate the recommended amount and types of foods that make up a healthy diet.

Olive Oil

A liquid fat obtained from olives, used in cooking, as a dressing, and in cosmetics for its health benefits.

Lean Red Meat

Meat from animals, particularly beef or lamb, with a lower fat content, considered healthier than meat with higher fat levels.