EXFRCCISIS 1 Suppose a. Greek tourist visits Abu Dhabi, and in particular a cloths market in Abu Dhabi Mal. The tounst bough one blue jean brand Wrangler for 159 A ED and noticed that this particular jean is oulte cheaper in Abu Dhabi in comparison with its price in the A heris Mail in Aithens. The lourist char loged that the same blue jean costs 50 euro in Athons Wail. (o), Geven that the spot exchange rate is 1 euro in 3.22 AED, estifnate the price of a jean Wrangler in Atinens Mal with respect of the purchas he power parity betweon Greece and UAE (b). Is Wranglor jear in the Athens Mall mitere axpensive that in ire Abu Dhabi Mall given the exchange rate euroffirham under the Ppp hypothesis? Explain. (answer with not enough explanation wil get haif or ate). 2). Suppose a European compary has a subsidiary in UAE. Assume that the euro is expected to strongthen against Giso cver ithe neat 2 years, Explain how this will aftect the consolitated eamings of the Euro-based MNC company with subsidiary in UAE, (answer with not enough explanation zail get hat grade) 3). In country Japan the big mac costs 410 Yen and the spot exchange rate with USD is 138.4 Yen. According to the big inac index the Yen is undervalued 25.76\%. What is the price (in USD) of a big mac in USA? Please show step-by atep your calculations and explain every atep. (Anawer with not enough explanation will get half grade). (answer with not enough explanation will get half grade). For the tocita, priss ALT + to IPO or AIt +NAF10 OMach