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Business, 11.12.2019 00:31 Alysssssssssssa

Assuming the theory of purchasing power parity holds, what is the exchange rate between the united states and mexico if the price of an under armour shirt costs $25 in the united states and 350 pesos in mexico? (the shirts are identical in each country.)a.1.43 pesos per dollarb.1.14 pesos per dollarc.0.07 pesos per dollard.14.00 pesos per dollare.7.14 pesos per dollar

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