Deviations from PPP

A) may be due to the differential speed of adjustment between exchange rates and prices.
B) may occur when international trade involves lags between order and delivery.
C) may appear during periods dominated by news or unexpected events.
D) All of the above.

D

Economics

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Pick the true statement from your textbook:

A) Land has a cost. B) Fruit has a cost. C) Fertilizer has a cost. D) Only actions can have costs.

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All else equal, a decrease in cattle herds will decrease derived demand for US corn.

a. true b. false

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