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According to Purchasing-Power Parity, If the Dollar Price of Oil

question 88

Multiple Choice

According to purchasing-power parity, if the dollar price of oil is higher in New York than in London, arbitrageurs will ___ oil in New York and _____ oil in London to drive _____ the price of oil in New York.


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Security

The state of being free from danger or threat, providing a sense of safety and stability to individuals or groups.

Promotion Focus

A motivational state emphasizing the pursuit of positive outcomes and achievements.

Prevention Focus

A psychological orientation that emphasizes the avoidance of negative outcomes and errors, leading individuals to adhere to rules and responsibilities.

Need For Cognition

A personality trait reflecting the enjoyment or engagement with thinking, problem-solving, and understanding complex ideas.

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