Suppose That a Bushel of Wheat Costs $5 in Canada

question 43

Multiple Choice

Suppose that a bushel of wheat costs $5 in Canada and costs 50 pesos in Mexico.If the nominal exchange rate is 30 pesos per dollar,what is the real exchange rate?

• A) 1 / 3
• B) 1
• C) 3
• D) 10

---

Definitions:

Brenda Milner

A pioneering neuropsychologist whose research helped understand the role of the temporal lobes in memory function.

Founders

Individuals who establish an organization, institution, or country, often contributing significantly to its initial development.

Consciousness

The condition of being conscious of one's own being, feelings, thoughts, environment, and more.

John B. Watson

An American psychologist known as the founder of behaviorism, emphasizing the study of observable behavior over the mind.