Scenario: the Price of a Standard Basket of Goods in Country

question 56

Multiple Choice

Scenario: The price of a standard basket of goods in Country A is 10 pesos. The price of the same basket of goods in country B is 25 francs and $5 in the United States. Country A has an income per capita of 60,000 pesos, and country B has an income per capita of 100,000 francs. Assume full employment in both countries.
-Refer to the above scenario.For 100 francs,how many baskets of goods that cost $1 in the United States can one purchase in country A?

• A) 4
• B) 10
• C) 5
• D) 25

---

Definitions:

Simplify

To simplify means to make something easier to understand or do, often by reducing it to its most basic form.

Simplify

To reduce something to its basic or essential form, often by removing complexity.

Algebraic Expression

An expression consisting of constants, variables, coefficients, and operating symbols (like +, -, *, /) that represents a mathematical relationship or a rule.

Like Terms

mathematical expressions that have the same variable raised to the same power.