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During a shopping spree in China, C . Dundee has bought a Sony CD boom box ( with woofers and tweeters ) for C Y
During a shopping spree in China, C Dundee has bought a Sony CD boom box with woofers and tweeters for jade jewelry for and four custommade suits for The spot exchange rate is CY : AUD a If PPP held, what should the same boom box, jewelry, and suits cost in Australia? b Suppose Mr Dundee is unexpectedly stopped at customs as he arrives in Melbourne, and must pay import duties of percent. If the same boom box, jewelry, and suits cost AUD AUD and AUD in Australia, respectively, was his shopping spree worth at least the HKD paid for airfare and hotels during his trip?
During a shopping spree in China, C Dundee has bought a Sony CD boom
box with woofers and tweeters for jade jewelry for and
four custommade suits for The spot exchange rate is CY : AUD
a If PPP held, what should the same boom box, jewelry, and suits cost in
Australia?
b Suppose Mr Dundee is unexpectedly stopped at customs as he arrives in
Melbourne, and must pay import duties of percent. If the same boom box,
jewelry, and suits cost AUD AUD and AUD in Australia,
respectively, was his shopping spree worth at least the HKD paid for
airfare and hotels during his trip?
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