If the Real Exchange Rate Between the U

question 100

Multiple Choice

If the real exchange rate between the U.S.and Argentina is 1,then

• A)purchasing-power parity holds, and 1 U.S.dollar buys 1 Argentinean bolivar.
• B)purchasing power parity holds, and the amount of currency needed to buy goods in the U.S.is the same as the amount needed to buy enough Argentinean bolivars to buy the same goods in Argentina.
• C)purchasing power parity does not hold, but 1 U.S.dollar buys 1 Argentinean bolivar.
• D)purchasing power parity does not hold, but the amount of currency needed to buy goods in the U.S.is the same as the amount needed to buy enough Argentinean bolivars to buy the same goods in Argentina.

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Definitions:

Machiavellianism

A personality trait associated with manipulativeness, deception, and exploitation to achieve personal goals.

Narcissism

a personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Dark Traits

Personality traits that are associated with a tendency to display behavior that is self-centered, manipulative, or antisocial.

Personality Matching

A concept suggesting that individuals tend to form and maintain relationships with those who have similar personality traits.