Question: Select all that apply Suppose the Big Mac index between the U . S . and Ecuador is - 3 1 % . What does

Select all that apply
Suppose the Big Mac index between the U.S. and Ecuador is -31%. What does this imply about relative prices?
Multiple select question.
Dollars go further at a McDonald's in the U.S. than in Ecuador.
Dollars go further at a McDonald's in Ecuador than in the U.S.
Prices in Ecuador are less than we would expect if PPP held.
Prices in Ecuador are more than we would expect if PPP held.

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