Using Exchange Rates, It Is Possible to Price-Compare in Different

question 92

Multiple Choice

Using exchange rates, it is possible to price-compare in different nations. If an iPod costs $90 in the United States and €45 in France, in which nation would you get the better deal when the dollar-euro exchange rate is $2/€?

• A) The iPod would be cheaper in France.
• B) The iPod would be cheaper in the United States.
• C) The iPod would cost the same in both countries.
• D) From the information provided, it is impossible to answer this question.

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Definitions:

Median Age

The age that divides a population into two numerically equal groups: half the people are older than this age and half are younger.

Parenthood

The role and responsibilities associated with raising a child, from providing emotional support to meeting the child's physical needs.

United States

A country in North America that consists of 50 states and is characterized by a diverse population and a large economy.

First Birth

The event of giving birth for the first time, marking a major transition in the life of a parent, especially the mother.