The law of one price would apply to which of the following goods or services sold in Japan and Australia?
A) office building
B) auto repair
C) manicure
D) none of the above

Question

Quizplus · Accepted Answer

The law of one price primarily applies to commodities or goods that can be traded globally with no differentiation, such as gold or oil. Services like auto repair and manicures, and non-homogeneous goods like office buildings, are not easily traded across borders and are subject to local market conditions, making the law of one price inapplicable.

The Law of One Price Would Apply to Which of the Following