The Nominal Exchange Rate Is About 2 Aruban Florin Per

question 37

Multiple Choice

The nominal exchange rate is about 2 Aruban florin per dollar.If a basket of goods in the United States costs $40,how many florins must a basket of goods in Aruba cost for purchasing-power parity to hold?

• A)20 florin
• B)40 florin
• C)60 florin
• D)80 florin

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Definitions:

Sociable

Characteristic of being inclined to seek social interactions and enjoy spending time with others.

Positive Outlook

A mental attitude characterized by optimism and hope, focusing on favorable aspects of any situation.

Impulsive

Acting on or inclined to act on one's impulses rather than careful thought, often with disregard to the consequences.

Five-Factor Model

A model that describes human personality through five broad domains: openness, conscientiousness, extraversion, agreeableness, and neuroticism.