The price of a big mac is 4.01 in the us and 38 pesos in, Ask an Expert

Management Studies

The price of a Big Mac is $4.01 in the US, and 38 pesos in Mexico. The current exchange rate is $1 US buys 12 Mexican Pesos. Then according to the purchase power parity, or the law of one price, over time the US dollar should

appreciate

depreciate

not change

none of the above

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M959665

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