Multiple Choice
Which of the following scenarios exemplifies the purchasing power parity (PPP) theory?
A) A cell phone manufactured in Russia costs lesser in UK than in Egypt.
B) A cell phone manufactured in Russia costs more in UK than in Egypt.
C) A cell phone manufactured in Russia costs lesser in UK and Egypt than other countries.
D) A cell phone manufactured in Russia costs the same in UK and Egypt.
Correct Answer:
Verified
Correct Answer:
Verified
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