According to Purchasing-Power Parity,if It Took 1,100 Korean Won to Buy

question 59

Multiple Choice

According to purchasing-power parity,if it took 1,100 Korean Won to buy a dollar this year,but it took 1,000 to buy it last year,then the dollar has

• A)appreciated,indicating inflation was higher in the U.S.than in Korea.
• B)appreciated indicating inflation was lower in the U.S.than in Korea.
• C)depreciated indicating inflation was higher in the U.S.than in Korea.
• D)depreciated indicating inflation was lower in the U.S.than in Korea.

---

Definitions:

First-Class Mail

A category of postal service that provides expedited delivery of letters and small packages, often with priority over other mail.

Postal Service

A public or private organization that is responsible for the collection, transportation, and delivery of mail.

Rent-Seeking Activities

Efforts to increase one's share of existing wealth without creating new wealth, often through manipulation or exploitation of the political environment.

Lawn-Care Industry

A sector of the economy that provides maintenance services for lawns, including mowing, fertilization, pest control, and landscaping.