The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the
A. purchasing power parity theory.
B. price feedback theory.
C. J-curve theory.
D. trade feedback theory.
Answer: A
Economics
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Which of the following is an example of an intermediate-term debt?
A) a fifteen-year mortgage B) a sixty-month car loan C) a six-month loan from a finance company D) a thirty-year U.S. Treasury bond
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One popular definition of economics is the study of
a. how scarcity increases opportunities to meet ends. b. how markets overcome scarcity. c. one goal and three tasks. d. how to use limited means to meet unlimited wants. e. wants versus needs.
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