Which of the Following Statements Is the MOST Accurate

question 13

Multiple Choice

Which of the following statements is the MOST accurate?

• A) If PPP holds true, then the law of one price holds true for every commodity as long as the reference baskets used to reckon different countries' price levels are the same.
• B) If the law of one price holds true for every commodity, PPP must hold automatically.
• C) If the law of one price holds true for every commodity, PPP must automatically hold as long as the reference baskets used to reckon different countries' price levels are the same.
• D) If the law of one price does not hold true for every commodity, PPP cannot be true as long as the reference baskets used to reckon different countries' price levels are the same.
• E) If PPP holds true, then the law of one price must hold true automatically.

---

Definitions:

Divorce

is the legal dissolution of a marriage by a court or other competent body.

Unhappy Situation

Circumstances or conditions that result in feelings of sadness or distress.

Sibling Relationships

The emotional and behavioral dynamics between brothers and sisters.

Older Adulthood

A phase of life generally marked by the transition into retirement, changes in health status, and shifting social roles, typically for those aged 65 and older.