The Price of a Basket of Goods Is $2000 in the U.S.If

question 68

Multiple Choice

The price of a basket of goods is $2000 in the U.S.If purchasing-power parity holds,and the dollar buys two units of some country's currency,then how many units of foreign currency does the same basket of goods cost in that country?

• A)4000
• B)2000
• C)1000
• D)None of the above are correct.

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Definitions:

Decision-making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Diversity

The inclusion or representation of different types of people (in terms of race, age, sex, ethnicity, sexual orientation, etc.) in a group or organization.

Selection Decision

The process by which an employer evaluates and decides upon which candidates will be offered a job from a pool of applicants.

Utility Analysis

A quantitative method used to assess the economic value or impact of human resource interventions and decisions.