Which of the Following Is an Example of the Law

question 41

Multiple Choice

Which of the following is an example of the law of one price?

• A) Exchange rates tend to have equivalent values. For example, one euro equals one U.S. dollar.
• B) Because people have essentially the same basic needs wherever they live, they tend to buy the same bundle of goods.
• C) Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the United States to import all goods at one price.
• D) Because their countries have similar institutions, computer programmers in Germany and the United States either are or will be paid about the same.

---

Definitions:

Action Learning

Training in which teams get an actual problem, work on solving it and commit to an action plan, and are accountable for carrying it out.

Behavior Modeling

A training method that involves observing, learning, and then imitating the behavior of others to acquire new skills or behaviors.

Instructional Design

A process of systematically developing training to meet specified needs.

Needs Assessment

The process of evaluating the organization, individual employees, and employees' tasks to determine what kinds of training, if any, are necessary.