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A woven-leather chair costs $570 in the United States. If the exchange rate between U.S. dollars and Mexican pesos is $0.06 per peso, how much
A woven-leather chair costs $570 in the United States. If the exchange rate between U.S. dollars and Mexican pesos is $0.06 per peso, how much should the same chair cost in Mexico? Assume that purchasing power parity holds perfectly in this case. 0 1 2 3 4 LO 5 pesos 6 7 8 9 Done
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