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Which of the Following Statements Is the MOST Accurate

Question 67

Multiple Choice

Which of the following statements is the MOST accurate?


A) The prices of identical commodity baskets, when converted to a single currency, are the same across countries.
B) The prices of identical commodity baskets, when converted to a single currency, differ substantially across countries.
C) The prices of identical commodity baskets, when converted to a single currency, do not differ substantially across countries.
D) The prices of identical commodity baskets, when converted to a single currency, are often the same across countries.
E) The prices of identical commodity baskets, when converted to a single currency, are the same across countries more than 50% of the time.

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