If You Are Traveling in China and You Purchase a Meal

question 267

Multiple Choice

If you are traveling in China and you purchase a meal that costs 140 yuan and the current exchange rate is 7 yuan to the dollar, then the price of the meal in U.S. currency is

• A) $200.
• B) $20.
• C) $10.
• D) $2.

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Definitions:

Selective Benefits

Selective benefits are advantages or perks provided exclusively to members of a group, organization, or society, rather than to the general public.

Collective Goods

Benefits or goods that are shared and cannot be denied to anyone within a community or society, such as clean air or public safety.

Membership Association

An organization founded and funded by members who share a common interest or goal, offering various benefits to members such as resources, networking opportunities, and advocacy.

Collective Good

A collective good, also known as a public good, is something that benefits all members of a community or society and is not diminished by individual use.