1. A pair of shoes cost 80 euros in France. The same pair of shoes cost $100 in the U.S.
2. 1. Assuming you would like to pay less, where would you buy the shoes?
   2. Suppose instead the exchange rate is $1.3 per euro. What is the $ price of shoes in France?
   3. Assuming you would like to pay less, where would you buy the shoes?