If a Kilogram of Coal Costs €1

question 92

Multiple Choice

If a kilogram of coal costs €1.5 in Germany and $1 in the United States,the law of one price calculates the expected exchange rate between the euro and the dollar to be ________.

• A) €0.67/$
• B) €1.5/$
• C) $1.67/€
• D) $0.12/€

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Definitions:

Moral Principles

Fundamental beliefs about what is right and wrong that guide ethical behavior.

Duty

Duty refers to a moral or legal obligation to perform or refrain from performing a certain action.

Virtue

is a moral excellence or commendable trait, such as honesty or kindness, that is valued as a foundation of good moral being.

Ethical Person

An individual who consistently acts with integrity and follows moral principles in their decisions and behaviors.