Which of the following conditions exist if absolute purchasing power parity exists?
I.Goods are identical
II.Goods have equal economic values
III.Transaction costs are equal to zero
IV.Trade barriers are nonexistent
A) I and III only
B) II and IV only
C) I,III,and IV only
D) I,II,and III only
E) I,II,III,and IV
Correct Answer:
Verified
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