Assume That a Big Mac Cost $4

question 40

Multiple Choice

Assume that a Big Mac cost $4.93 in the U.S.and that the Brazilian real is undervalued by 23 percent.According to the Big Mac Index published by The Economist,a Big Mac would

• A)cost a bit more in Brazil than in the U.S.by By 16 percent 16 16 percent
• B)cost less in Brazil than in the U.S.
• C)cost the same in both countries.Cost the same in bothThe Unconnected
• D)would cost twice as much in Brazil.
• E)would cost less than half of the U.S.price in Brazil.

---

Definitions:

Consistency

Refers to the uniformity or coherence in actions, values, methods, measures, principles, expectations, and outcomes over time.

Impression Management

The process by which individuals attempt to control the perceptions and opinions others have of them, often through self-presentation techniques.

Tactics

Strategies or actions carefully planned to achieve a specific end.

Talk Negatively

Engaging in conversation that focuses on criticism, pessimism, or highlighting flaws without constructive purpose.