Ryan Bought Some Chocolate from Switzerland in 2007

question 105

Essay

Ryan bought some chocolate from Switzerland in 2007. The chocolate costed €34 in Euros. What is the price of the chocolate in CAD if one Canadian dollar is worth 0.68 Euros?

---

Definitions:

Coordinating Mechanism

A system or method used to align actions and activities among different parties to achieve a common goal or objective.

Economizing Problem

The choices necessitated because society’s economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce).

Consumer Desire

The inclination or preference of consumers towards certain products or services they wish to purchase.

Strawberry Pickers

Laborers who are engaged in harvesting strawberries from farms or fields, often seasonal work.