What are the disadvantages of using big macs to measure purchasing power​ parity? ​(check all that apply.​)?

Answers

Answer 1
While a familiar benchmark, the number of people who know of Big Macs are not comparable to those who buy them regularly. Thus, comparing a not-as-commonly purchased product with living essentials (such as staple foods and toiletries) provides a level of disconnect that hinders the very comparison it is intended to support.
Answer 2

The Economist magazine in the year 1986, proposed a new index as an alternate measure for exchange rate. This new index studies the price of a Big Mac and compares them to calculate exchange rates. It was argued that McDonald was already established in many countries. Therefore, it can be used as a yardstick to compare the purchasing power of various countries. Hence, serves as a measure of purchasing power party. The main problem with this as that not everybody’s consumption basket includes Bug Macs. Rather, a fraction of the total population consumes it. Instead of representing a basket of diverse goods, it represents a basket consisting of a single commodity. As a result, Big Mac index will not reflect true cost of living.


Related Questions

With few exceptions, marketing as a healthcare organizational function did not exist prior to the _____.

Answers

The 1980s were the time period in which marketing in the healthcare field really began to take off. This was when Baby Boomers were beginning to reach the edges of middle age and it made sense to market their healthcare choices to them before they reached an age where their choices would become limited.

Diverse and global teams are one of the most consistent sources of competitive advantage for any organization.
a. True
b. False

Answers

TRUE. this is true because having a diverse global team would provide a wider range of resources from the individuals on the team, they would also bring to the table very different perspectives. This all gives any company a competitive edge in any market or social situation.

Users throughout alison's organization have been receiving unwanted commercial messages over the organization's instant messaging program. what type of attack is taking place?

Answers

The choices are a) Spam b) Phishing c) Social engineering d) Spim. The answer is a. spam. Those are messages are usually unwanted messages that send their commercial emails to people. Spam has similarity with spim since they both are unwanted messages that at times may contain worms and viruses. However, spim appears in instant messages which become the spam on instant messages.





What happens when a bond becomes due?
AYou pay it back to the issuer, plus interest.
BThe issuer will pay you back, minus interest.
CThe issuer will pay you back, plus interest.
D

Answers

C the issuer will pay you back plus INTEREST!!

A small italian grocery store sells five varieties of feta cheese. it offers bulgarian, french, danish, greek, and one that is processed and sold from tillamook, oregon. the domestic variety sells for $1.99/pound, while all the others sell for more than $2.99/pound, and the greek variety is priced at $6.99/pound. the domestic variety is much cheaper because:

Answers

Domestic products are generally cheaper due to lower shipping cost and few to no additional tariffs are levied on those goods. A side note: Since 2002 in the EU 'Feta' has had a protected designated origin; meaning that only cheese produced in a particular way from particular regions of Greece can be labeled for sale as 'feta.'

The domestic feta cheese is cheaper due to factors like lower transportation costs and no import tariffs, unlike imported varieties that can have added costs from import quotas and international shipping. These market dynamics influence the pricing differences.

The domestic variety of feta cheese, which is from Tillamook, Oregon, sells for much cheaper, $1.99 per pound, compared to the other varieties like Bulgarian, French, Danish, and Greek feta, which all sell for more than $2.99 per pound, with Greek feta being priced at $6.99 per pound. The more affordable price of the domestic feta can be due to several factors such as lower transportation costs, lack of import tariffs, and possibly economies of scale if it's produced in higher quantities. In contrast, imported cheeses often have additional costs such as import quotas, tariffs, international shipping, and may reflect the cheese's reputation or unique flavors from its region of origin.

For example, in the case of Canadian cheese import quotas, these were set to protect domestic suppliers and have resulted in considerable higher prices for imported cheeses due to tariffs. This situation mirrors the impact of economic policies and market dynamics on the pricing of domestic versus imported goods, like feta cheese in the Italian grocery store.

Explain the importance of contracts when analyzing revenue arrangements.

Answers

Contracts are legally binding documents that have the ability to protect and allow all parties to be clear and precise of actions and expectations within the agreement, including payment arrangements. Contracts are important when analyzing revenue arrangements, as it ensures that all parties are aware of the agreed upon outcome and provide hard evidence should there be any future disputes.

1. Which of these jobs in a behind-the-scenes transportation job?
a. Airline Pilot
b. Delivery Truck Driver
c. Taxi Driver
d. Truck Dispatcher

2. Which career field involves the design, manufacture, and use of various types of machinery, technology, and buildings?
a. engineering
b. math
c. science
d. technology

3. Which of the following defines and agribusiness?
a. A career field based on packaging foods
b. A career field based on selling food items
c. A career field that analyzes how people spend their money on food
d. A career field that deals with managing the food supply system

Answers

The answers are as follows:
1. D.
Truck dispatchers are workers who worked behind the scene to ensure that truck drivers have loads to carry and they ensure that drivers comply with their specified appointed arrival time and destinations. Truck dispatchers are indispensable to the truck industry because of their crucial roles in ensuring that truck drivers concentrate on their routes and safely deliver their cargoes.
2. A.
The field of engineering is a branch of science and technology which involves the design, manufacture and use of various types of machinery, technology and building. Engineering is a wide field and there are different types of engineering. Engineers use science and technology to solve problems.
3. D.
An agribusiness is a type of business that involves the production, processing and distribution of agricultural products. It is a business which manages the food supply system. The term 'agribusiness' encompasses all those that are involved in the marketing of the farm produce including the warehouses, wholesalers, processors, etc.

When you're writing email messages in the workplace, remember that business emails require a higher level of quality than personal emails. should never be shorter than one screen. do not need to be proofread for grammar and spelling errors. are the best medium for internal messages, regardless of their content. all of the above?

Answers

The correct answer to this question is that business emails require a higher level of quality than personal emails. This is because the email is meant to convey important information or a need and is being sent to co-workers. The subject is supposed to be about work and remain professional.

One way of controlling "nuisance" variables is to match the various groups by picking the confounding characteristics and deliberately spreading them across groups.

Answers

Dang I used to know this but I completely forgot I will try to answer if it comes back to me

It is true that , one way of controlling "nuisance" variables is to match the various groups by picking the confounding characteristics and deliberately spreading them across group.

What are variables?

Any thing that has multiple possible values is considered a variable. A person, place, thing, or phenomenon that you are attempting to quantify in any way is simply referred to as a variable in research.

The Chapman-Kolmogorov equation is one example of a nuisance variable in the theory of stochastic processes in probability theory and statistics. A nuisance variable is a random variable that is essential to the probabilistic model but is of no particular interest in itself or is no longer of any interest

For controlling exogenous or nuisance variables, the two ways are

1. Matching groups

2. Randomization

Therefore, the statement is true.

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Your question is incomplete, but most probably the full question was,

True/ False: One way of controlling "nuisance" variables is to match the various groups by picking the confounding characteristics and deliberately spreading them across groups.

Suppose bundle a contains 5 cds and 5 dvds and bundle b contains 88 cds and 33 dvds. if a consumer is able to rank different combinations of goods and services in terms of how much utility they​ provide, then

Answers

If a consumer was asked to rank different combinations of goods and services terms of how much utility they provide, then a bundle with a total of 112 cds and dvds would rank higher than a bundle with a total of 10 cds and dvds, if based on total of goods only. This does not take into account the contents of the media.

To keep an organization free of the mum effect, it is necessary to

Answers

To keep an organization free of the mum effect, it is necessary to foster a transparent and open work culture.

Food with a use by date of July 10 should be stored in front of food dated June 29, in front of food dated July 9, behind food dated june 27 or behind food dated July 11 ?

Answers

Food should be arranged by their use by dates to help consumers select an item based on their shelf life. The food marked with July 10 use by date should be placed right behind the product with a June 27 use by date so as to not confuse the consumers. 

Food should be arranged by their use by dates to help consumers select an item based on their shelf life.

How should be the food arranged?

Food is what people and animals eat to live. Food usually comes from animals and plants. It is eaten by living things to provide energy and nutrition. Food contains the nutrition that people and animals need to be healthy.

The food marked with July 10 use by date should be placed right behind the product with a June 27 use by date so as to not confuse the consumers.

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Johnson is hired by a company to see if a new product, topocal, will cause hair to grow on the heads of bald men. he recruits one thousand bald men, and randomly divides them into two groups: five hundred (group
a.rub topocal on their scalps each day; the other five hundred (group
b.rub a standard skin lotion on their scalps each day. after two months, johnson checks to see what the results have been. he finds that there has been hair growth in 7 percent of group a and in 2 percent of group
b. 
what is the sample?

Answers

The sample is the 1,000 men tested in two groups. The population would be the broad class of balding men. All 1,000 men are considered a part of the sample regardless of which group they were in because each of the 1,000 men is representing an equal portion of the population.

A(n) ____________ records the boundaries of a three-dimensional shape.

Answers

A CONTOUR LINE record the boundaries of a three dimensional shape.
In Art, a contour line is a line which defines a form or an edge. It is an outline of a given object. Contour line is usually drawn by following the visible edges of a shape and those edges along the interior of the shape. Contour line is often used to show dramatic changes of planes within an object.

G list the 4 different stages of plastic deformation in a cup drawing process

Answers

Cup drawing process is also called deep drawing process.  The stages of deep drawing are: First, Punch makes initial contact with the work. Second is bending. Third step is straightening. Fourth is friction and compression. Final step is thinning of the cup.  During the process drawing of sheet into the die, up to 12% is the thickening. That’s why clearance is provided between the punch and die.

On august 31 of the current​ year, harvey co. decided to change from the fifo periodic inventory system to the​ weighted-average periodic inventory system. harvey uses u.s. gaap​, is on a calendar year​ basis, and does not present comparative financial statements. the cumulative effect of the change is​ determined:

Answers

The answer is "As of January 1, Year 1".

The cumulative impact of an adjustment in accounting rule squares with the difference between retained income toward the start of time of the change and what retained profit would have been if the change was applied to all influenced earlier periods, accepting comparative financial statements are not exhibited. Starting retained profit of the earliest year exhibited is balanced for the cumulative impact of the change.

Kunkel, applebaum, and nelson focus on which type of financial support for caregivers?

Answers

They focus on direct payment for services provided for caregivers. This money can be used to procurement of any service or services that encounter the person's measured needs. As the money given to the person is specified in lieu of the local specialist providing the care, the money rests public money have its place to the local government who creates the expenditures.

A combination of news covered by the media that boosts sales without having to pay is best described by the term ________.

Answers

A combination of news covered by the media that boosts sales without having to pay is best described by the term public relations.
Public relation is a key correspondence process that constructs mutually beneficial connections amongst associations and their public.We can also define Public relations as the act of overseeing correspondence between an association and its public.

The chain of command is also known as the

Answers

The chain of command is also known as the vertical hierarchy.
The vertical hierarchy is a hierarchical organization structure in which management or supervisor surpass information and commands from the top of the organizational pyramid down toward the bottom. It is also called the top-down management. 
Final answer:

The chain of command, or hierarchical structure, is a term used in a business context to describe the organization's structure of authority. It starts from the top level of management and goes down to each employee at the bottom level, clarifying who reports to whom.

Explanation:

The chain of command in a business context is also often referred to as the hierarchical structure of an organization. It describes the arrangement of lines of authority, communications, rights and duties of an organization. It flows from highest to lowest level in the organization, starting from the top level management to every employee at the bottom level. The chain of command clarifies who reports to whom within the organization. For example, a typical chain of command may start with the CEO at the top, followed by other high-level executives, middle managers, and lastly, the employees supervised by those managers.

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If her adjusted gross income (all from wages) for the year is $18,500, calculate clarita's child and dependent care credit for 2016.

Answers

Clarita's adjusted gross income (AGI) is $18,500.

According to current tax laws,
If AGI ≤ $15,000, CDCTC (child dependent care tax credit) = $2100 maximum.
If AGI = $43,000, CDCTC = $1,200 maximum.

On a linear scale, Clarita's CDCTC is given by
CDCTC = 1200 + [(18500 - 43000)/(15000 - 43000)] * (2100 - 1200)
              = $1,987.50

Answer: $1987.50

If her adjusted gross income (all from wages) for the year is $18,500, calculate clarita's child and dependent care credit for 2016.

If an employee is to be terminated, when is the best time to inform the employee?i/o psychpology

Answers

Inform the employee at the end of the work day, so that they won’t be a nusense and disturb other employees unintentionally.

Requiring industries to recycle 25% of plastics in their manufacturing process is an example of:

Answers

Final answer:

Requiring industries to recycle 25% of plastics in their manufacturing process is an example of a sustainable environmental policy. It falls under the domain of Environmental Science within the field of Social Studies.

Explanation:

Requiring industries to recycle 25% of plastics in their manufacturing process is an example of a sustainable environmental policy. It falls under the domain of Environmental Science within the field of Social Studies. Recycling is an effective solution to reduce environmental contamination and conserve resources. By mandating industries to recycle plastic waste, it promotes responsible waste management and contributes to a more sustainable future.

As stated above, some projections are better for certain purposes. give an example of a purpose or topic that would require an equivalent map projection. for what purpose would a conformal projection be selected for a map? (1)

Answers

Maps where precision with movements is required because on a conformal projection every angle on earth is preserved on the map. As for the purposes : nautical charts, aeronautical charts, weather maps.

Be sure to answer all parts you have available 2,2−dimethylcyclopentanol (a) and 2−bromo−1,1−dimethylcyclopentane (b) and wish to prepare 3,3−dimethylcyclopentene (c). which would you choose as the more suitable reactant, a or b, and with what would you treat it?

Answers

The more suitable is 2-bromo-2, 1-dimethylcyclopentane. The reasons are 1) The reaction should be done with a strong base like NaOC_2H_5, CH_3CH_2OH so that the reaction follows the E2 pathway. If it follows the E1 elimination, then rearrangement may occur, leading to a mixture of products. 2) 2,2-dimethylcyclopenthanol is not suitable at all. In presence of H_2SO_4, or KHSO_4, it forms a carbocation. Subsequently, -CH_3 migration would take place leading to a more stable 3 degree carbocation. Therefore, the nature of the product would be changed. 

how closely should the brand and corporate image usually be related?

Answers

They should be extremely close, since corporate image is what people think of your brand :)

Answer:

Brands and corporate images are closely related. Average consumers usually see them as the same implying that negative news on the brand would affect the corporate image and vice versa. High-rank executives must be very careful with both of them if they want to lead the business to success.

Trenton financial wanted its sales reps to share information and leads with each other to improve team performance but offered individual incentives for the top sales people. not​ surprisingly, no one shared any information. what should trenton financial have​ done

Answers

The trenton financial should have their employees be trained and to be able to perform their work with the maximum capacity in which they may be able to develop with all their best and in the same way, in order to have information to be shared, the trenton financial should not offer individual incentives in top sales people but rather they should treat their employees regardless of the rank in an equal and fair manner.

Specific techniques for systematically gathering data are referred to as:

Answers

 It is known as the Research Method

Have a good night!

Tai credit corp. wants to earn an effective annual return on its consumer loans of 14.1 percent per year. the bank uses daily compounding on its loans. what interest rate is the bank required by law to report to potential borrower

Answers

Answer : 13.19 % Explanation: Convert the Effective Annual Return EAR to Annual Percentage rate as shown below: EAR = [1 + (APR / n )]^ n â’ 1 APR = n [(1 + EAR)^ 1/ n â’ 1 where n= number of days in a year. Let us take it as 365, since daily compounding given EAR =14.1% per year so 365 *(1.141)^(1/365) = 13.19%

When more corn is planted due to the higher demand from ethanol producers, both cattle ranchers and ethanol producers will end up buying more corn?

Answers

Corn is used for two purposes -

1. As feed for cattle.

2. As input in production of ethanol.

It has been stated that increase in demand from ethanol producers does not impact the demand made by cattle ranchers'.

Farmers would only respond with planting of more corn if they can get higher price.

So, it can be stated that higher demand from ethanol producers has raised the price of corn which in turn has induced the farmers to plant more corn.

However, as price of corn is rising, quantity demanded by cattle ranchers' will decline.

So, when more corn is planted due to higher demand from ethanol producers, only ethanol producers end up buying more corn while cattle ranchers' witness a decline in their purchase of corn.

In other words, cattle ranchers' will end up buying less.

So, the given statement is False.

General motors’ stand against apartheid in south africa was based upon what came to be known as _____. the human rights movement the sullivan principles cultural relativism the international principles

Answers

The answer is Sullivan Principles. General Motors embraced what came to be named as Sullivan principles. This is name after Leon Sullivan which is also a member of GM's Board of Directors. Sullivan contended that it was morally right for GM to function in South Africa so long as two circumstances were satisfied. First, the company should not follow the apartheid laws in its own South African operations. Second, the firm should do all within its power to endorse the elimination of apartheid laws.
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