If the Unit of Foreign Currency Is the Peso,in Which

question 75

Multiple Choice

If the unit of foreign currency is the peso,in which case is the real exchange rate 1.2?

• A)the U.S.price is $2,the foreign price is 5 pesos,and the exchange rate is 3 pesos per dollar.
• B)the U.S.price is $3,the foreign price is 18 pesos,and the exchange rate is 5 pesos per dollar.
• C)the U.S.price is $5,the foreign price 12 pesos,and the exchange rate is 2 pesos per dollar.
• D)the U.S.price is $10,the foreign price is 3 pesos,and the exchange rate is 4 pesos per dollar.

Understand the impact of customer reviews and ratings on E-Retailing.

Recognize the characteristics of different social commerce approaches.

Identify the psychological effects such as herding effect in consumer behavior.

Comprehend the concept of participatory commerce and its role in product innovation.

---

Definitions:

Blue-money Income

Informal term possibly referring to income earned in a foreign or stronger currency, or income derived from questionable or illegal activities.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each unit is identical to every other unit.

Coconuts

Tropical fruits or nuts known for their water, milk, oil, and meat, and often used as examples in economic models.

Fish

Aquatic vertebrates that are typically covered with scales and equipped with fins for swimming.