A Bushel of Corn Cost C$3

question 63

Multiple Choice

A bushel of corn cost C$3.50 in Canada. The same bushel of corn costs £1.25 in the United Kingdom. Given absolute purchasing power parity, what is the exchange rate between the
Canadian dollar and the British pound?

• A) C$2.80 = £1
• B) C$1 = £2.80
• C) C$1 = £1.25
• D) C$3.50 = £1
• E) C$.3571 = £1

---

Definitions:

Belgium

A country located in Western Europe, known for its medieval towns, Renaissance architecture, and the headquarters of the European Union and NATO.

Dopamine D-2 Receptors

Specific protein sites in the brain that dopamine binds to, influencing movement, motivation, and pleasure.

Antipsychotic Drugs

Medications used to treat psychiatric conditions by altering brain chemistry, specifically for managing psychosis.

Serotonin

A neurotransmitter that plays a key role in modulating mood, anxiety, and happiness.