Solved

All of the Following Except One Explain Why the Purchasing

Question 12

Multiple Choice

All of the following except one explain why the purchasing power theory does not hold in the real world.Which is the exception?


A) Most personal services cannot be traded between countries.
B) There are costs of transportation involved in international trading,and differences in these costs may persist.
C) Some products are more expensive to produce in one country than in another.
D) Tariffs and quotas alter the prices of products and affect the free trading of products.
E) Consumers in different countries sometimes have different preferences.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents