A case study in the chapter analyzed purchasing-power parity for several countries using the price of Big Macs. Here are data for a few more countries: For each country, select the predicted exchange rate of the local currency per U. S. dollar.
Country Price of big Mac Predicted exchange rate Actual exchange rate
Chile 2640 peso 679 peso/$
Hungry 850 forints 280 fornits/$
Czech Republic 85 korunas 22.3 korunas/$
Brazil 16.8 real 3.72 real/$
Canada 6.77 C$ 1.33 C$
According to purchasing power parity, the predicted exchange rate between the Hungarian forint and the Canadian dollar is . However, the actual exchange rate is forints per Canadian dollar.
Answers: 3
Business, 22.06.2019 17:00, vistagallosky
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
Answers: 2
Business, 22.06.2019 20:30, anilauferc
You are in the market for a new refrigerator for your companyβs lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
Answers: 3
Business, 22.06.2019 23:20, QueenNerdy889
You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?
Answers: 3
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