When Converted to U

question 96

Multiple Choice

When converted to U.S. dollars, the cost of a Big Mac in Oslo, Norway is $5.67, but the same burger costs $5.09 in the United States. What does this indicate?

• A) Norway must have tariffs on the trade of Big Macs.
• B) Purchasing power parity does not hold in this situation.
• C) Purchasing power parity holds in this situation.
• D) Big Macs are not an example of a non-tradable good.

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Definitions:

Non-thrifty Genotype

A genetic makeup that does not efficiently store excess calories as fat, potentially leading to less susceptibility to obesity and related diseases under certain conditions.

Degree Of Intelligence

A measure of an individual's cognitive abilities, often assessed through standardized intelligence quotient (IQ) tests.

Genetic Ancestry

The lineage or heritage of organisms as determined by their genetic makeup, often explored in humans through DNA analysis.

Mitochondrial DNA

Genetic material found in mitochondria, the energy-producing organelles of cells, inherited exclusively from the mother and used in tracing maternal lineage and evolutionary genetics.