If purchasing-power parity holds,a bushel of rice costs $10 in the U.S. ,and the nominal exchange rate is 25 Thai baht per dollar,what is the price of rice in Thailand?
A)400 baht
B)250 bhat
C)100 bhat
D)None of the above is correct.

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The Answer of If purchasing-power parity holds,a bushel of rice costs $10 in the U.S. ,and the nominal exchange rate is 25 Thai baht per dollar,what is the price of rice in Thailand?
A)400 baht
B)250 bhat
C)100 bhat
D)None of the above is correct.

If Purchasing-Power Parity Holds,a Bushel of Rice Costs $10 in the U.S