The exchange rate is CAD 1.00 USD 0.75 and a cup of regular coffee at the McDonald's in Niagara Falk, Ontario costs $2 CAD. PPP suggests that the price of a cup of regular coffee at the McDonald's in Niagara Falls, New York should be Select one: A. USD 2.00. B. USD 0.75. C. USD 1.50. D. USD 1.33. E. US$ 2.67.

The exchange rate is CAD 1.00 USD 0.75 and a cup of regular coffee at the McDonald's in Niagara Falk, Ontario costs $2 CAD. PPP suggests that the price of a cup of regular coffee at the McDonald's in Niagara Falls, New York should be Select one: A. USD 2.00. B. USD 0.75. C. USD 1.50. D. USD 1.33. E. US$ 2.67.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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