If We Ignore Transportation Costs and the Price of a Pair

question 7

Multiple Choice

If we ignore transportation costs and the price of a pair of Nike shoes in Detroit is 100 U.S. dollars what should be the price of the Nike shoes in Windsor, Canada (in Canadian dollars) if the nominal exchange rate is 1.36 Canadian dollars/1 U.S. dollar?

• A) 74
• B) 100
• C) 136
• D) 64

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Definitions:

Heredity

The transmission of genetic characteristics from parents to offspring, a fundamental principle of genetics.

Genotype

The genetic makeup of an individual, including all of their genes, both expressed and non-expressed.

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Evolutionary Process

A sequence of events involving gradual development or change in organisms over generations through natural selection and adaptation.