Question: 11. (4 pts) Starbucks opened its first store in Zagreb, Croatia in October 2010. The price of a tall vanilla latte in Zagreb is 21.20kn.

11. (4 pts) Starbucks opened its first store in Zagreb, Croatia in October 2010. The price of a tall vanilla latte in Zagreb is 21.20kn. In New York City, the price of a tall vanilla latte is $2.65. The exchange rate between Croatian kunas (kn) and U.S. dollars is kn 6/S. The purchasing power parity the exchange rate becomes kn( a. 4 b.5 c.6 d.7 e. 8 f.9 g. 10

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