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Author Question: If the price of Big Mac is 3.61 in the U.S. and 3.405 in France, and PPP holds, what is the value ... (Read 15 times)

crobinson2013

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on: Jun 30, 2018
If the price of Big Mac is 3.61 in the U.S. and 3.405  in France, and PPP holds, what is the value of the euro in dollars that is implied by The Economist magazine's Big Mac index?
 
  A) 1.060
  B) 0.943
  C) 1.943
  D) None of the above.

Question 2

Refer to the figure above. If A forms a customs union with C, A's welfare will change by
 
  A) a + e
  B) a + b + c + d + e
  C) a + e - b - c - d
  D) a + e - h - i - j


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jordangronback

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


crobinson2013

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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