Gold is 2,100 pesos per ounce in Mexico.The exchange rate between Canada and Mexico is 5 Mexican pesos per dollar.According to the purchasing power parity theory,the price of gold in Canada is _________ dollars per ounce.
A) 37.5
B) 420
C) 1,250
D) 2,400
E) 19,200
Correct Answer:
Verified
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