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In the U.S.a candy bar costs $1.If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2,then,what would be the price of a candy bar in China?
Adaptation
The process of changing or modifying something to better suit a new environment or purpose, often used in biological and cultural contexts.
English Colonization
The process of English settlement and establishment of control over regions in the Americas, Africa, and Australasia from the 16th to the 18th centuries.
Spanish Model
Refers to the architectural, cultural, or political systems and practices influenced by or originating from Spain.
Joint Stock Companies
Businesses owned by shareholders who contribute capital and share in the profits and losses.
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