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    International Economics Study Set 9
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    Exam 18: Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
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    In 2002, $1 = 1 Euro, and in 2006, $1
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In 2002, $1 = 1 Euro, and in 2006, $1

Question 50

Question 50

Multiple Choice

In 2002, $1 = 1 euro, and in 2006, $1 = 0.6 euro. If a Ferrari cost $100,000 in 2002, then it should have cost ______ in 2006.


A) $160,000
B) $140,000
C) $166,666
D) $60,000

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