The Big Mac Index Shows That the Price of the Big

question 58

Multiple Choice

The Big Mac Index shows that the price of the Big Mac in China converted from the local currency,yuan,to be $2.18,whereas its price in the United States is $3.73.This shows that:

• A) the Big Mac is more popular in China than in the United States.
• B) the Big Mac is less expensive in the United States than in China.
• C) the Chinese yuan is overvalued when compared to US $.
• D) the Chinese yuan is undervalued against the US $.
• E) beef is less expensive in China than in the United States.

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Definitions:

EEG

Electroencephalogram, a test that measures electrical activity in the brain and is used to diagnose neurological conditions.

Polygraph

A lie detector test that measures and records several physiological indicators such as blood pressure, pulse, respiration, and skin conductivity while the subject is asked and answers a series of questions.

fMRI

Functional Magnetic Resonance Imaging, a non-invasive neuroimaging technique that measures brain activity by detecting changes associated with blood flow.

PET Scan

A diagnostic imaging test using a radioactive substance to visualize and measure metabolic processes in the body.