Suppose the price of gold is $2,000 per ounce in the United States and 37,000 pesos per ounce in Mexico. If purchasing power parity holds and if the price of oil is 1,000 pesos per barrel in Mexico, the price of oil is ______ per barrel in the United States.
Multiple Choice
$54.10
$108.10Incorrect
$37.00
$18,500