Which of the Following Statements Is the MOST Accurate

question 65

Multiple Choice

Which of the following statements is the MOST accurate?

• A) The law of one price applies only to the general price level.
• B) The law of one price applies to the general price level while PPP applies to individual commodities.
• C) The law of one price applies to individual commodities while PPP applies to both the general price level and to individual commodities.
• D) PPP applies only to individual commodities.
• E) The law of one price applies to individual commodities while PPP applies to the general price level.

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Definitions:

Soft Determinists

Philosophers or theorists who argue that human behavior and actions are determined by external and internal influences but still maintain that individuals have free will.

High Probability

A statistical measurement indicating a high likelihood or chance that a specific event will occur.

Soft Determinist

Someone who believes in determinism but also holds that human behavior can be free if it corresponds to the individual's desires, even if those desires are determined.

Character

The aggregate of features and traits that form the individual nature of a person or a thing.