Which of the Following Statements About the Law of One

question 13

Multiple Choice

Which of the following statements about the law of one price is true?

• A)It is most useful in assessing the true value of identical assets that are trading in more than one country.
• B)It is a useful tool in determining the absolute value of an asset.
• C)Empirical evidence suggests that it will provide the true value of an asset, except in those rare cases in which no comparable asset exists.
• D)Although it rarely will provide an exact value for an asset, it will often provide a close approximation.

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Definitions:

Equal Elements

Components of a system or set that are given the same value, importance, or treatment within a particular context.

Lesbian Employees

Employees who identify as lesbian, a term used to describe women attracted to other women.

Gay Employees

Employees who identify as gay, reflecting their sexual orientation towards individuals of the same sex.

Workplace

The location or environment where people are employed and perform their jobs, ranging from offices to industrial settings.