If a Certain Automotive Part Can Be Purchased in Mexico

question 137

Multiple Choice

If a certain automotive part can be purchased in Mexico for 60 pesos or in the United States for $6.25 and if the nominal exchange rate is 8 pesos per U.S. dollar, then the automotive part:

• A)is less expensive in Mexico.
• B)is more expensive in the United States.
• C)is less expensive in the United States.
• D)costs the same in Mexico and the United States.

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Definitions:

Traits

Enduring characteristics or qualities of an individual’s personality that are consistent across different situations and over time.

Thematic Apperception Test

A projective psychological test involving a series of ambiguous images presented to an individual, who is then asked to tell a story about each image.

Source Trait

Fundamental personality traits identified through factor analysis that underpin and contribute to surface behaviors and attitudes.

Rorschach

A psychological test in which subjects' perceptions of inkblots are analyzed to examine personality characteristics and emotional functioning.