Purchasing Power Parity More Likely Occurs Under All the Following

question 71

Multiple Choice

Purchasing power parity more likely occurs under all the following conditions except

• A)low transportation costs.
• B)a non-convertible currency.
• C)more non-tradable goods.
• D)more open to imports.
• E)flexible prices.

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Definitions:

Ordinal Data

Ordinal data is a type of categorical data with a set order or scale, but without a standardized difference between the categories, such as rankings or levels of satisfaction.

Ordered

Arranged or organized in a sequence according to some specific rule or set of rules.

Ranked

The process or result of ordering or classifying entities based on criteria or measurements to establish a hierarchy or priority.

Interval Data

A type of numerical data that contains meaningful distances between measurements, but no true zero point.