A Pair of Hiking Boots Costs $120 in the U

question 179

Essay

A pair of hiking boots costs $120 in the U.S., if the real exchange rate is 6/5 and the nominal exchange rate is 2 Brazilian reais per dollar, what is the price of the same hiking boots in Brazil?
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Definitions:

Element Of Conversion

A crucial aspect in tort law, indicating the act of wrongfully possessing or using someone else’s property without permission.

Malicious Intentions

The purpose or desire to do harm or cause negative outcomes to others.

Assumption Of Risk

A legal doctrine whereby an individual is understood to have knowingly exposed themselves to a dangerous activity or condition and thus cannot seek compensation for resulting injuries.

Voluntarily Entered

A decision or action taken freely and without coercion by an individual or entity.