A Bagel Cost $1 in New York and 0

question 9

Multiple Choice

A bagel cost $1 in New York and 0.5 euros in Paris. If the real exchange rate is one-half of a New York bagel for a Parisian bagel, how many euros should you receive in exchange for one dollar?

• A) 0.1
• B) 2
• C)0.25
• D) 1.5

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Definitions:

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms.

Stimuli

External factors or events that elicit a response from a biological organism.

Learning

The acquisition of knowledge or skills through experience, study, or by being taught.

Cognitive Factors

Mental processes such as perception, memory, judgment, and reasoning that influence behavior and emotion.