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A Pair of Hiking Boots Costs $120 in the U

question 179

Essay

A pair of hiking boots costs $120 in the U.S., if the real exchange rate is 6/5 and the nominal exchange rate is 2 Brazilian reais per dollar, what is the price of the same hiking boots in Brazil?
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Definitions:

Hemispheres

The two halves of the brain (left and right), each responsible for different functions and cognitive processes.

Left-Brained

The notion that people who are "left-brained" tend to be more logical, analytical, and objective in their thought processes.

Right-Brained

A popularized concept suggesting that the right hemisphere of the brain is more involved in creative and intuitive processes.

Dendrites

The branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma.

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