A car costs $A25,000 in Australia. In the US, the same car costs $U$18,000. If the $A/$US exchange rate is given by $A1 = $USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US. The car is $US 2,000 more expensive in Australia than the US. O The car is $A 2,000 less expensive in Australia than the US. The car is $US 2,000 less expensive in Australia than the US. 3 A car costs $A25,000 in Australia. In the US, the same car costs $US18,000. If the $A/SUS exchange rate is given by $A1-$USO.80, which of the following statements is most correct? O The car is $A 2.000 more expensive in Australia than the US. O The car is SUS 2,000 more expensive in Australia than the US. O The car is $A 2.000 less expensive in Australia than the US. O The car is SUS 2,000 less expensive in Australia than the US.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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A car costs $A25,000 in Australia. In the US, the same car costs $U$18,000. If the $A/$US exchange rate is given by $A1 =
$USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US.
The car is $US 2,000 more expensive in Australia than the US. O The car is $A 2,000 less expensive in Australia than the US.
The car is $US 2,000 less expensive in Australia than the US.
c
A car costs $A25,000 in Australia. In the US, the same car costs $US18,000. If the $A/SUS exchange
rate is given by $A1-$USO.80, which of the following statements is most correct?
The car is $A 2,000 more expensive in Australia than the US.
O The car is SUS 2,000 more expensive in Australia than the US.
O The car is $A 2.000 less expensive in Australia than the US.
O The car is SUS 2,000 less expensive in Australia than the US.
Show Transcribed Text
Transcribed Image Text:A car costs $A25,000 in Australia. In the US, the same car costs $U$18,000. If the $A/$US exchange rate is given by $A1 = $USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US. The car is $US 2,000 more expensive in Australia than the US. O The car is $A 2,000 less expensive in Australia than the US. The car is $US 2,000 less expensive in Australia than the US. c A car costs $A25,000 in Australia. In the US, the same car costs $US18,000. If the $A/SUS exchange rate is given by $A1-$USO.80, which of the following statements is most correct? The car is $A 2,000 more expensive in Australia than the US. O The car is SUS 2,000 more expensive in Australia than the US. O The car is $A 2.000 less expensive in Australia than the US. O The car is SUS 2,000 less expensive in Australia than the US. Show Transcribed Text
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