Absolute purchasing power parity is most apt to exist for:

Question

Quizplus · Accepted Answer

Absolute purchasing purchasing power parity is most likely to exist for commodities with universal specifications and prices that are easily comparable across countries, such as an ounce of silver. Unlike goods that can vary significantly in price due to local factors, branding, or quality differences (like cars, bread, homes, and watches), the price of an ounce of silver is determined by global markets, making it a better candidate for absolute purchasing power parity.

Absolute Purchasing Power Parity Is Most Apt to Exist For