Prices in Both the U

question 24

Multiple Choice

Prices in both the U.S.and China rise,but prices in China increase by a larger percentage.According to purchasing-power parity,the U.S.dollar

• A)gains value both in terms of the domestic goods and services it can buy and in terms of the Chinese currency it can buy.
• B)gains value in terms of the domestic goods and services it can buy,but loses value in terms of the Chinese currency it can buy.
• C)loses value in terms of the domestic goods and services it can buy,but gains value in terms of the Chinese currency it can buy.
• D)loses value both in terms of the domestic goods and services it can buy and in terms of the Chinese currency it can buy.

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Definitions:

Law School

An educational institution specializing in legal studies, typically offering professional degrees in law.

Experience

The knowledge or skill obtained from involvement in or exposure to events or activities over a period.

Average Salary

The mean income calculated by dividing the total salary of a group by the number of individuals in that group.

Increased

A term describing something that has become larger or greater in size, amount, or degree.