Which of the following statements best describes a limitation of the Big Mac Index?
A) Profit margins vary by the strength of competition, which affect relative prices.
B) The theory of PPP incorrectly assumes that there are barriers to trade.
C) The Big Mac represents all possible commodities and services.
D) Taxes have no effect on Big Mac prices.
A
Business
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Heavy focus on price reductions and discounts during recession allow firms to improve long-term brand equity and price integrity
Indicate whether the statement is true or false
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Which of the following represents the fastest-growing segment of minority business ownership?
A) African Americans B) Asians C) Hispanics D) Pacific Islanders E) Europeans
Business