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b. Suppose a 10 pound bag of rice in Vietnam costs 77,000 Dongs, while the same 10 pound bag of rice in the U.S. would

b. Suppose a 10 pound bag of rice in Vietnam costs 77,000 Dongs, while the same 10 pound bag of rice in the U.S. would cost $17.70. Assume that the nominal exchange rate between the Vietnamese dong and the U.S. dollar is 22,675 dongs = $1. How many 10lb bags of rice can you buy in Vietnam for one 10lb bag of rice purchased in the US?

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