Data Extracted from the Economists on 31January 2018 shows that the local price of Big Mac in Egypt is 34.21 EGP and the price of the Big
Mac in United States is $1.93, and if the exchange rate between the US
dollar and EGP (E EGP/$ = 17.70), answer the following: (Show the
steps of your answer)
a. Calculate the implied PPP between US dollar and EGP?
b. Calculate the degree of overvaluation/undervaluation of the EGP
against the US dollar?
c. Identify whether the EGP is overvalued or undervalued against the
US dollar

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; depth;

answerindividual preferences are not revealed in the market for the good;