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

question 87

Multiple Choice

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

• A)buy; sell; up
• B)buy; sell; down
• C)sell; buy; up
• D)sell; buy; down

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