Question: Use some statistics to support your answer (at least 2 such statistics). Make sure to cite your source(s). Please answer to all aspects of this
Use some statistics to support your answer (at least 2 such statistics). Make sure to cite your source(s). Please answer to all aspects of this discussion question substantially.
Please read the below articles before answering the discussion questions.
Article: Our Big Max index shows how burger prices differ across borders
Link: https://www.economist.com/big-mac-index
Article: Economic News from Davos, Switzerland: How Much Does that Big Mac Cost.
Link: https://globalyouth.wharton.upenn.edu/articles/big-economic-news-from-davos/
Article: Beyond the Gas Pump: A New World Order for Oil.
Link: https://knowledge.wharton.upenn.edu/article/beyond-gas-pump-new-world-order-oil/
Discussion Questions:
1) Research the Big Mac IndexWhich countries have undervalued and overvalued currencies? Where will the U.S. dollar get you the most value?
2) Have you had any personal experience with exchange rates when you travel? What were they? What did you learn?
3) Oil prices are mentioned a few times in the article. Research the economic impact of falling oil prices Beyond the Gas Pump: A New World Order for Oil. What might that mean for the world economy?
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