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Masks LTD makes 10,000 dollars in profit in the USA, while the branch in Spain makes 8, 000 euros. Which branch makes more profit? (Compare
Masks LTD makes 10,000 dollars in profit in the USA, while the branch in Spain makes 8, 000 euros. Which branch makes more profit? (Compare profits using two methods: the market nominal exchange rate and the nominal exchange rate such that PPP holds. In order to find this exchange rate you can use a Big Mac Index). If a branch has to disappear, which one should be closed? (I sent this question before and what someone replied make no sense)
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