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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Cross-race

Relating to or involving individuals of different racial backgrounds.

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