Question: If the dollar / pound exchange rate is $ 2 / , a Big Mac costs $ 5 in New York City and costs 4

If the dollar/pound exchange rate is $2/, a Big Mac costs $5 in New York City and costs 4 in London, the pound is ________, and U.S. tourists will be ________.Question 16 Select one:A.undervalued; better off in LondonB.overvalued; better off in LondonC.overvalued; better off in New YorkD.undervalued; better off in New YorkN

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