A Tall Latte in China Costs 30 Yuan

question 29

Multiple Choice

A tall latte in China costs 30 yuan.The same latte in the U.S.costs 4 dollars.If the exchange rate is 6.5 yuan per dollar then,the real exchange rate is

• A).867 so the good is more expensive in the U.S.
• B).867 so the good is more expensive in China.
• C)1.154 so the god is more expensive in the U.S.
• D)1.154 so the good is more expensive in China.

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Definitions:

Intelligence Quotient

A measure of a person's cognitive abilities in relation to their age group, typically assessed through standardized tests.

William Stern

A German psychologist best known for developing the concept of the intelligence quotient (IQ).

Alfred Binet

A French psychologist who, along with Theodore Simon, developed the first practical IQ test, the Binet-Simon scale, pioneering intelligence testing.

Individual Differences

Variations among individuals in their behaviors, abilities, experiences, or preferences, acknowledging that every person is unique.