If the Price of a Good in the U

question 5

Multiple Choice

If the price of a good in the U.S.is $10 and the unit of foreign currency is the dinar,in which case is the real exchange rate 5/4?

• A)the foreign price is 4 dinars and the exchange rate is 1/2 dinars per dollar
• B)the foreign price is 5 dinars and the exchange rate is 2.5 dinars per dollar
• C)the foreign price is 4 dinars and the exchange rate is 2 dinars per dollar
• D)the foreign price is 5 dinars and the exchange rate is 2/5 dinars per dollar

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Definitions:

Hardline Behaviors

Actions or attitudes that are rigid, uncompromising, and often aggressive in dealing with others.

Negotiators

Individuals involved in discussions aimed at reaching an agreement or resolving a conflict between two or more parties.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining terms of employment, wages, and conditions.

Union

An organization formed to protect and advance the interests of its members, typically regarding labour conditions, wages, and benefits.