Multiple Choice
Compare the price of a pound of salmon in the United States with a pound of salmon in Japan. If we assume that the price of salmon in the United States is $4 per pound, while in Japan it is 1,488 yen, and the dollar-yen exchange rate is US$1 = ¥124, then the real exchange in terms of salmon is
A) 1.
B) 0.5.
C) 0.33.
D) 0.25.
Correct Answer:
Verified
Correct Answer:
Verified
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