All of the following explain why purchasing power parity does not completely explain long-run fluctuations in exchange rates except
A) some countries impose barriers to trade.
B) not all goods and services produced in any country are traded internationally.
C) most countries have free markets with little, if any, government regulation.
D) consumer preferences for goods and services differ across countries.
C
Economics
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Explain the difference between the "fair rules" and the "fair results" guidelines for competitive market fairness
What will be an ideal response?
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If you paid $100 for a truckload of cabbage on Monday, how much should you be willing to sell it for on Friday, the day before it spoils?
a. $100 b. $100 plus normal accounting profit c. $50 because it has lost value since Monday d. whatever you can get for it
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