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Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399 Exercise 4
In what country is the U.S. dollar price of a Big Mac (p. 347) the highest with the following exchange rates?
( a ) 9,300 rupiah = $1
( b ).72 euros = $1
( c ) 33 baht = $1
( d ) 6.83 yuan = $1
( a ) 9,300 rupiah = $1
( b ).72 euros = $1
( c ) 33 baht = $1
( d ) 6.83 yuan = $1
Explanation
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Dollar price of a commodity :
The dollar...
Essentials of Economics 8th Edition by Bradley Schiller
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