1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksley [76]
3 years ago
14

According to The Economist​, in early 2004 the average price of a tall​ latté in Starbucks in the United States was​ $2.80. In t

he countries that use the​ euro, the average price was 2.93 euros. Because the exchange rate at this time was 0.79 euro per​ dollar, the dollar price of​ lattés in the euro area was​ $3.70.At what exchange rate between the dollar and the euro would a latté cost the same in the euro area as it did in the United States?
Social Studies
1 answer:
Setler79 [48]3 years ago
5 0

Answer:

  • <em>At an exchange rate of 1.05 euro per dollar the cost of a latté would be the same in the euro area as it did in the United States.</em>

<em></em>

Explanation:

The contidion is that the two prices are equal:

  • <em>exchange rate </em>× $2.8 = Euros 2.93

Solve for the <em>exchange rate</em>:

  • <em>exchange rate</em> = Euros2.93/$2.80 = Euro 1.05/$

Thus, at an<em> exchange rate</em> of 1.05 euro per dollar <em>the cost of a latté would be the same in the euro area as it did in the United States.</em>

You might be interested in
What is the only u. S. City to have hosted the winter olympics twice?.
ValentinkaMS [17]

Answer:

Lake Placid

Explanation:

Lake Placid hosted the <em>Winters Olympics</em> in 1932 & 1980 respectively.

Learn more about the Olympics, here:

brainly.com/question/11781126?referrer=searchResults - historical information regarding the Olympics.

7 0
1 year ago
Searle argues that the chinese room thought experiment shows that _____.
polet [3.4K]
The Chinese Room Argument was first published in a paper in 1980 by American philosopher John Searle (1932- ). It is a thought experiment in which <span>Searle imagines himself alone in a room following a computer program for responding to Chinese characters slipped under the door. </span><span>
Searle argues that the Chinese room thought experiment shows that n</span><span>o digital computer will ever be able to think.</span>
7 0
3 years ago
Who took power of Russia after the Russian Revolution, and what government did
djverab [1.8K]

Answer:

3

Explanation:

Vladimir Lenin (1870-1924) was a Russian communist revolutionary and head of the Bolshevik Party who rose to prominence during the Russian Revolution of 1917, one of the most explosive political events of the twentieth century. The bloody upheaval marked the end of the oppressive Romanov dynasty and centuries of imperial rule in Russia. The Bolsheviks would later become the Communist Party, making Lenin leader of the Soviet Union, the world’s first communist state.

5 0
3 years ago
Read 2 more answers
Josh was trying to decide which of two people to hire for a job. donna told him a story about her parents deciding to get two ca
Gekata [30.6K]
Used an appropriate analogy
8 0
2 years ago
Sarah comes from a lower-middle-class family. Her parents were teachers and relied on both their incomes to run their household.
Burka [1]

Answer:

Intergenerational mobility

Explanation:

When a change of socio-economic status takes place in between generations it is known as Intergenerational mobility.

Here, Sarah is from a lower-middle-class family i.e., her parents belongs to the lower-middle-class. Sarah became a doctor with the help of a scholarship. She was earning more than what her parents were earning. So, she moved up to the upper-middle class. This happened between her and her parents generation.

Hence, Sarah's movement is best described as Intergenerational mobility.

7 0
2 years ago
Other questions:
  • Religious practitioners might use _________ to enter an altered state of consciousness, believed to directly link them with the
    8·1 answer
  • How hard is it to become a fighter pilot and how hard is it to fly a fighter jet
    11·1 answer
  • Congress has the power to override reserved powers granted to the states.
    13·2 answers
  • In a popular movie about the Mafia, the head of the family chastises one of his sons, Sonny, for letting other people know what
    11·1 answer
  • How does the election determine the future?
    7·1 answer
  • The Great Recession began in December 2007 and ended in June 2009. The Dow Jones Industrial Average was 13,407 at the beginning
    6·2 answers
  • Mia likes to count and categorize the blocks in the block center, organize the manipulatives in the counting center, and count t
    12·1 answer
  • PLEASEEE HELP HURRY I NEED THIS DONE IM HUNGRY
    15·1 answer
  • Mercantilists' position on foreign trade
    14·1 answer
  • What are the challenges and necessities of project management?​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!