If absolute purchasing power parity is said to hold for some good, then it must be true that there are no significant barriers to trading the good.

Name: If absolute purchasing power parity is said to hold for some good, then it must be true that there are no significant barriers to trading the good.
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Question

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Absolute purchasing power parity assumes that goods can be traded freely across borders without significant barriers, allowing prices to equalize when expressed in a common currency.

If Absolute Purchasing Power Parity Is Said to Hold for Some