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If There Are No Costs or Other Barriers Associated with the Movement

Question 6

Multiple Choice

If there are no costs or other barriers associated with the movement of goods or services across countries, the price of each product should be the same in each country, after making appropriate currency conversions. It is called ____________ in Economics.


A) Law of Similar Mortgage Rate
B) Law of Similar Labour Rules
C) Law of One Price
D) Law of One type of Manufacturing

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