Which of the following holds true, if goods sell for the same price worldwide when converted to a common currency?
a. A high rate of inflation exists
b. A fixed exchange-rate system exists
c. Purchasing power parity exists
d. The foreign exchange market is in equilibrium
e. Arbitrage opportunities exist
c
Economics
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With international trade, a country will export tires. Prior to international trade, the quantity of tires produced in the country ________ the quantity of tires consumed in the country
A) must be more than B) must be less than C) might be more than, less than, or equal to D) must equal
Economics
According to Chandler (1977), the major event in business development in 1895–1904 was
(a) the Granger cases. (b) Munn v Illinois (1877). (c) the rise of vertically integrated firms. (d) the merger wave.
Economics