Which of the following is an economic principle that states all identical goods in different markets must have the same price?

Question

Quizplus · Accepted Answer

The economic principle that states all identical goods in different markets must have the same price is known as the law of one price. Purchasing power parity refers to the exchange rate between two currencies being equal to the ratio of their price levels, while interest rate parity refers to the notion that the interest rate differential between two countries should be equal to the percentage difference between the two countries' exchange rates. Price swap parity is not a recognized economic principle.

Which of the Following Is an Economic Principle That States