Answer:
The price of rice in the Thailand is likely to be 250 Thai baht per bushel.
Step-by-step explanation:
According to the purchasing power parity theory, the exchange rate between two countries is based on a basket of goods. The nominal exchange rate is the ratio of prices of goods in two different countries.
The price of rice in the US is $10 per bushel.
The nominal exchange rate between US dollars and Thai baht is 25 Thai baht/$.
The nominal exchange rate =

25 Thai baht/$=

Price of rice in Thailand =

Price of rice in Thailand = $250