The Table Given Below Reports the Inflation Rate in the U.S

question 94

Multiple Choice

The table given below reports the inflation rate in the U.S. and Canada for two years.
Table 8.1
$\begin{array}{|c|c|c|}\hline & \text { United States } & \text { Canada } \\\hline \text { Inflation Rate (year 1) } & 0 \% & 0 \% \\\hline \text { Inflation Rate (year 2) } & 0 \% & 3.6 \% \\\hline\end{array}$
-Refer to Table 8.1. Assume that the exchange rate is fixed at 1.4 CAD = $1 and that price changes for salmon are identical to the inflation rate in each country. If U.S. importers pay 10,000 CAD for a trailer of Canadian salmon in year 1, what is the approximate price of that salmon in year 2, given that exchange rates do not change?

• A) $10,360
• B) $14,504
• C) $7,400
• D) $7,143
• E) $10,000

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Definitions:

Ventilator Support

The use of a mechanical ventilator to assist or take over the breathing process for a patient who is unable to breathe adequately on their own.

Placebo

A substance with no therapeutic effect, used as a control in testing new drugs.

Ethical Principle

Fundamental guidelines that help in making decisions based on moral considerations, often applied in healthcare to ensure patient welfare and justice.

Autonomy

The capacity to make an informed, uncoerced decision about one's own life and actions.