Assume That the Dollar Price of a Basket of Good

question 180

Multiple Choice

Assume that the dollar price of a basket of good in the United States is $2 and the Mexican price of the same basket in the United States is 40 pesos.In addition,the Mexican price of the same basket in Mexico is 100 pesos.Given this information,the dollar price of the same basket in Mexico will be ________.

• A) $5
• B) $8
• C) $10
• D) $12

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