The law of one price:
A) prohibits price discrimination.
B) is that markets work to ensure that the same good has the same price in all locations.
C) is a tax on imports.
D) prohibits price increases unless firms can show there are unusual circumstances.
Correct Answer:
Verified
Q8: Real GNP in an open economy is:
A)the
Q9: The real current account balance is real
Q10: The real current account balance equals:
A)the trade
Q11: The balance of trade is net exports
Q12: The real current account balance equals
A)the net
Q14: The real current-account balance is:
A)net real asset
Q15: The trade balance is:
A)the difference between exports
Q16: The real current account balance equals:
A)net foreign
Q17: A higher current account deficit is caused
Q18: The difference between real GDP in a
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