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A New Pair of Shoes Costs 950 Russian Rubles

Question 127

Multiple Choice

A new pair of shoes costs 950 Russian rubles. How much will the identical shoes cost in Euros if absolute purchasing power parity exists and the following exchange rates apply? A new pair of shoes costs 950 Russian rubles. How much will the identical shoes cost in Euros if absolute purchasing power parity exists and the following exchange rates apply? A) 25 EUR B) 28 EUR C) 34 EUR D) 42 EUR E) 44 EUR


A) 25 EUR
B) 28 EUR
C) 34 EUR
D) 42 EUR
E) 44 EUR

Correct Answer:

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