According to PPP,when the Big Mac Has a High Price

question 105

Multiple Choice

According to PPP,when the Big Mac has a high price in terms of local currency,then the exchange rate quoted in U.S. dollars per unit of local currency should be ________.

• A)low
• B)high
• C)uncertain
• D)one

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Definitions:

Defendant's Negligence

Defendant's negligence is a legal concept where the defendant failed to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to harm or damage.

Negligence Per Se

An act that is considered negligent because it violates a statute or regulation.

Statute

A statute is a formal written enactment of a legislative body, serving as a law or regulation.

Negligence Per Se

A legal doctrine that deems an act to be negligent because it violates a statute or regulation.