Suppose the price level of a bundle of goods in the us is pus = $75, 000 and the price level in the uk is puk = £50, 000 for the same bundle. then the ppp rate on the £ is eppp = $/£. suppose that the market exchange rate is 1.6 $/£. then would you say the £ is overvalued or undervalued compared to ppp? considering relative ppp, suppose that in 2009 the exchange rate was 1.6 $/£. in the 10-year period since then suppose the uk inflation rate was 20% overall and the us inflation rate was 15%. would you expect the £ to depreciate or appreciate compared to the $ over that period? assuming that relative ppp actually held, then what would the exchange rate be in 2015? \

Max wants to open a basic checking account at his local bank. he needs to bring his and , along with a $50 deposit, to open the account.

Although mcdonald's (opening case) is competing in an unattractive industry, it has improved its performance by focusing on product innovations and by enhancing existing facilities. this improved performance is best explained by:

James river jewelry is a small jewelry shop. while james river jewelry does sell typical jewelry purchased from jewelry vendors, including such items as rings, necklaces, earrings, and watches, it specializes in hard-to-find asian jewelry. although some asian jewelry is manufactured jewelry purchased from vendors in the same manner as the standard jewelry is obtained, many of the asian jewelry pieces are often unique single items purchased directly from the artisan who created the piece (the term manufactured would be an inappropriate description of these pieces). james river jewelry has a small but loyal clientele, and it wants to further increase customer loyalty by creating a frequent buyer program. in this program, after every 10 purchases, a customer will receive a credit equal to 50 percent of the average of his or her 10 most recent purchases. this credit must be applied to the next (or 11th) purchase.