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:

"Take Care Clause"

A clause in the U.S. Constitution (Article II, Section 3) that requires the President to enforce all legally enacted laws, even if the president disagrees with them.

Presidential Veto

A power granted to the President of the United States to reject a bill passed by Congress, preventing it from becoming law without further congressional action.

Congress

A national legislative body, particularly in the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.

Inherent Powers

Powers that are not explicitly stated but are implied in the constitution, allowing government to perform actions necessary for its functioning.