The Big Mac Mystery- Questions

 

The Big Mac Mystery: A Global Currency Adventure


1. What is the Big Mac Index used for?


a) Measuring the popularity of McDonald’s worldwide

b) Comparing the price of burgers in different restaurants

c) Measuring purchasing power parity (PPP) between currencies

d) Determining the quality of Big Macs in different countries


2. Why did Max decide to travel the world?


a) To taste Big Macs in every country

b) To prove that the Big Mac Index could explain global economics

c) To meet his grandfather’s old friends

d) To start a new McDonald’s restaurant


3. In which country did Max discover that the local currency was fairly valued?


a) Switzerland

b) Mexico

c) India

d) Japan


4. What did Max learn about Switzerland’s currency from the Big Mac Index?


a) It was undervalued

b) It was fairly valued

c) It was overvalued

d) It was not part of the Big Mac Index


5. Why was the Big Mac in India different from the one in the U.S.?


a) It used chicken instead of beef

b) It was much smaller

c) It was the most expensive Big Mac in the world

d) It was not available in India


6. What conclusion did Max reach about the Indian rupee?


a) It was overvalued

b) It was undervalued

c) It was equal to the U.S. dollar

d) It was the strongest currency in the world


7. What are some factors that affect the Big Mac Index results?


a) Local wages, cost of living, and trade policies

b) The number of McDonald’s restaurants in a country

c) The amount of advertising done by McDonald’s

d) The number of fast food chains in a country


8. What economic principle does the Big Mac Index help explain?


a) Market demand

b) Purchasing power parity (PPP)

c) Stock market trends

d) The effects of global warming


9. What did Max learn from his global adventure?


a) That every country should have the same price for Big Macs

b) That economics can be explained in simple and fun ways

c) That only McDonald’s prices determine currency values

d) That McDonald’s is the best restaurant in the world


10. What did Max’s grandfather mention at the end of the story?


a) The Starbucks Latte Index

b) The Golden Burger Theory

c) The Fast Food Economic Model

d) The Travel and Trade Index


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