The relative cost of a product in different countries refers to __________.
A)purchasing power
B)balance of trade
C)standard of living
D)exchange rate

Name: The relative cost of a product in different countries refers to __________. A)purchasing power B)balance of trade C)standard of living D)exchange rate
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Purchasing power refers to the relative cost of a product in different countries. It is the amount of goods and services that can be purchased with a given amount of money in a particular country.

The Relative Cost of a Product in Different Countries Refers