The Law of One Price Is an Economic Rule Which

question 8

True/False

The law of one price is an economic rule which states that in an efficient market, identical goods and services produced in different countries should have a single price.

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Definitions:

Genetic Equilibrium

A state in a gene pool where the frequency of alleles remains constant from generation to generation in the absence of evolutionary forces.

Natural Selection

The process by which organisms with traits better suited to their environment are more likely to survive and reproduce, gradually influencing the characteristics of their species.

Allele Frequency

The proportion of all copies of a gene in a population that are of a given allele variant.

Dominant Allele

An allele that is always expressed when it is present, regardless of whether it is homozygous or heterozygous. Compare with recessive allele.