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Suppose That the Exchange Rate Is 10 Moroccan Dirhams Per

question 24

Multiple Choice

Suppose that the exchange rate is 10 Moroccan dirhams per Canadian dollar.Also suppose that you can buy a crate of oranges for 300 dirhams in the Moroccan capital of Rabat and can buy a similar crate of oranges in Ottawa for $35.Which of the following is consistent with these facts?


Definitions:

Ultimate Attribution Error

A bias in which negative behaviors by out-group members are attributed to their character, while similar actions by in-group members are attributed to situational factors.

Outgroup

A social group to which a person does not identify or belong, often perceived as fundamentally different or inferior.

Luck

A concept that denotes the experience of notably positive, negative, or improbable events by chance.

Stereotypes

Oversimplified generalizations about groups of people that often underpin prejudice and discrimination.

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