According to Purchasing-Power Parity Theory,if the Same Fast-Food Hamburger Costs

question 139

Multiple Choice

According to purchasing-power parity theory,if the same fast-food hamburger costs $2.50 in Canada and 5 euros in France,what should the nominal exchange rate be?

• A)2 euros per dollar
• B)1 euro per dollar
• C)1/2 euro per dollar
• D)1/4 euro per dollar

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