The purchasing power parity theory is least likely to apply to the price of

Question

Quizplus · Accepted Answer

The price of oral surgery is highly dependent on a variety of factors, such as the cost of labor, equipment, and materials, which can differ significantly across different countries, making it less likely for the purchasing power parity theory to apply. The other options listed (smart phones, crude oil, and cane sugar) are all globally traded goods with relatively standardized production costs, making them more likely to be affected by purchasing power parity.

The Purchasing Power Parity Theory Is Least Likely to Apply