The absolute PPP exchange rate between USA and Mexico is 19.85 Pesos/1 dollar.  You know that it costs $371 to buy a certain “basket” of goods in the USA. Absolute PPP says that you would need ______ Pesos to buy the same bundle in Mexico. (Round to 2 digits behind the decimal.)

The World Bank funds itself by imposing a small tax on all international flights and the cost is absorbed by passengers in their airline ticket price. 

The USA is ranked #3 in terms of inequality in income in the industrialized world. There are only 2 countries in the industrialized world with greater inequality of income. 

The price of good X was $11.34 last year but it is $12.03 this year. What is the inflation rate for good X? (Round to 2 digits behind the decimal.)

A final thought was provided by Paul Krugman. He ways that globalization has done more good through the profit motive than ____________________ every could have. 

The boys interview a young woman who ended her education at 6th grade when her parents could not afford to send her to school. Her dream had been to become a ________. 

A second organization (Grameen) offers loans that can be obtained by low income households. This allows one woman to start a(n) _________ business.  

Absolute PPP exchange rates are likely to be very close to market exchange rates. 

Under Apartheid laws, minorities were restricted to the cities, close to jobs. Suburbs, where land was more plentiful, were designated only for white South Africans. 

The silk road is described as a 5000 mile stretch…