Question: Question 38 1 pts Given the information: Price of a BirMac in USS USD 3.75 Price of Bir Mac in Mexico MXN 60 Exchange rate

Question 38 1 pts Given the information: Price of a BirMac in USS USD 3.75 Price of Bir Mac in Mexico MXN 60 Exchange rate of MXN In Indirect Quote MXN/USD 1 USD7,50 MXNI Based on absolute PPP violations as observed from the prices of Big Mac in US and Mexico, it would make sense for a US company doing business in Mexico to: produce in Mexico sell in the US produce in the US and sell in Mexico

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