A Pair of Shoes Costs £40 in Britain

question 66

Multiple Choice

A pair of shoes costs £40 in Britain. An identical pair costs $50 in the United States when the exchange rate is £1 = $1.50. Which of the following is correct?

• A) The United States offers a better deal.
• B) The deal is the same in both countries.
• C) Britain offers a better deal.
• D) A trader can make money by buying the shoes in Britain and selling in the United States at $50.

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Definitions:

Glottis

Opening for airflow in the larynx.

Respiratory Infections

Infections that impact the parts of the body involved in breathing, like the lungs and airways.

Viruses

Microscopic infectious agents that replicate only inside the living cells of an organism and can cause disease.

Antibiotics

Medicinal substances used to kill or inhibit the growth of bacteria, often used in the treatment and prevention of bacterial infections.