Examlex
The basal metabolic rate (BMR) is the minimum energy intake required to maintain a body that is awake and at rest. Although the rate varies with age, gender, health, and body mass, a reasonable value is 1,600 Cal per day. Walking can require 2.5 times the BMR, and exertion in work or sports can require 7 times the BMR. Using this information, calculate the energy expended by someone walking at a speed of 3.0 mph and determine how far she could walk with the energy from a quarter-pound hamburger (125 g) that has a food value of 3.6 Cal/g.
Exporting
Producing goods in one country and selling them in another.
Joint Venture
Formed when a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess their purchasing power equivalency.
Big Mac Index
An informal measure of purchasing power parity between two currencies, calculated by comparing the price of a McDonald's Big Mac burger in different countries.
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