A Parity Ratio of 1

question 9

Multiple Choice

A parity ratio of 1.2 in year A means that prices

• A)received in year A could buy 120 percent as much as prices received in the base period.
• B)received in the base period could buy 120 percent as much as prices received in year A.
• C)received in year A had risen by 120 percent over the prices received in the base period.
• D)paid by farmers in year A had risen by 120 percent over the prices paid in the base period.

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Definitions:

Government Policies

Guidelines or principles directed by a country's government to influence decisions and allocate resources.

Intercultural Contact

The interaction between people from different cultural backgrounds, which can lead to increased understanding or cultural exchange.

Outgroup Stereotypes

Preconceived notions or generalized beliefs about groups that individuals do not identify as belonging to, often leading to biased judgments.

Cross-Cultural Relationships

Interactions or associations between individuals from different cultural backgrounds.