Multiple Choice
All of the following explain why purchasing power parity does not completely explain long-run fluctuations in exchange rates except
A) not all goods and services produced in any country are traded internationally.
B) consumer preferences for goods and services differ across countries.
C) some countries impose barriers to trade.
D) most countries have free markets with little,if any,government regulation.
Correct Answer:
Verified
Correct Answer:
Verified
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