If a Dollar Buys More Rice in the China

question 26

Multiple Choice

If a dollar buys more rice in the China.than in the U.S. ,then

• A)the real exchange rate is greater than 1;a profit might be made by buying rice in the U.S.and selling it in China.
• B)the real exchange rate is greater than 1;a profit might be made by buying rice in China.and selling it in the U.S.
• C)the real exchange rate is less than 1;a profit might be made by buying rice in the U.S.and selling it in China.
• D)the real exchange rate is less than 1;a profit might be made by buying rice in China and selling it in the U.S.

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Definitions:

Visually Surprising

Something that is unexpected or startling from a visual perspective, often eliciting a strong reaction or attention.

Unwanted Contact

Interactions or communications that are undesired or uninvited, potentially causing discomfort or distress to the recipient.

Collectives

Groups or aggregates of people or items that share common features or are considered together.

Proximity

The physical or psychological closeness between people, which can influence attraction and relationship formation.