The Law of One Price Means That Prices Eventually Will

question 33

True/False

The law of one price means that prices eventually will be the same in all countries and eventually countries will not have a reason to trade.

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Definitions:

Argument

A series of statements or reasons made to persuade others that an action or idea is right or wrong.

Imply

To suggest or express something indirectly, without stating it explicitly.

Translation

The process of converting text or speech from one language to another.

Tautology

A redundant or repetitive statement in which the conclusion is equivalent to the premise.