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    International Economics Study Set 1
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    Exam 12: Exchange Rate Determination
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    If Apples Sell for $50 Per Box in the United
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If Apples Sell for $50 Per Box in the United

Question 185

Question 185

True/False

If apples sell for $50 per box in the United States and 2000 pesos per box in Mexico,the law of one price asserts that you should be able to exchange $1 for 25 pesos.

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