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If Purchasing-Power Parity Held,if a Big Mac Costs $2 in Canada,and

Question 119

Multiple Choice

If purchasing-power parity held,if a Big Mac costs $2 in Canada,and if 10 Mexican pesos trade for $1 Canadian dollar,then a Big Mac in Cancun,Mexico should cost:


A) 2 pesos.
B) 5 pesos.
C) 10 pesos.
D) 20 pesos.

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