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marishachu [46]
3 years ago
15

If a market basket of goods cost $100 is the US and 70 euros in France, then the PPP exchange rate would be $.70/euro.A. TrueB.

False
Business
1 answer:
blagie [28]3 years ago
6 0

Answer:

False

Explanation:

Given that,

Market basket of goods cost in United states = $100

Market basket of goods cost in France = 70 euros

Purchasing power parity is calculated as follows:

= (Cost of basket of goods in Euros) ÷ (Cost of same basket of goods in dollars)

= 70 ÷ 100

= 0.7 euro per dollar

Therefore, the statement is false.

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The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o
Fudgin [204]

Answer: 100.00

Explanation:

3 0
3 years ago
Starbucks is opening a location in China every 15 hours, and just opened its largest location in the world in Shanghai. Which me
docker41 [41]

Answer:

The correct answer is letter "C": wholly-owned subsidiaries.

Explanation:

Starbucks Corporation was founded in 1971 in Seattle, Washington in the U.S. Nowadays the company has a presence in more than seventy-five (75) different markets part of its wholly-owned subsidiaries. Starbucks is not a franchise,  but it provides licenses to investors. In <em>China</em>, for instance, Starbucks has opened more than three thousand (3,000) stores becoming Starbucks' second-largest market.

8 0
3 years ago
When a central bank increases bank reserves by $1, the money supply rises by more than $1. The amount of extra money created whe
andre [41]

Answer:

Money multiplier for this economy is 5

Explanation:

Initial bank reserves = reserve deposit ratio * $500 = 0.2 * $500 = $100

1) increase in bank reserves by $1 , bank reserve deposit increases from $500 to $101 / 0.2 = $505 and the money supply increases by $505 - $500 = $5

2)  increase in bank reserves by $5 , bank reserve deposit increases from $500 to $105 / 0.2 = $525 and the money supply increases by $525 - $500 = $25

3)  increase in bank reserves by $10 , bank reserve deposit increases from $500 to $110 / 0.2 = $550 and the money supply increases by $550 - $500 = $50

as money supply rises by 5 times the increase in bank reserves , the money multiplier in this economy is 5.

4 0
3 years ago
Data concerning Farm Corporation's single product appear below: Selling price per unit $ 170.00 Variable expense per unit $ 66.3
belka [17]

Answer:

1229.4

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

$ 127,490 / ( $ 170 -  $ 66.30) = 1229.4

8 0
2 years ago
What do you call a franchise ownerâs share of earnings that is given as a payment to a parent company?
BabaBlast [244]
Franchise royalty fee. 
7 0
3 years ago
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