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Put the radical expression into simplified form.
Purchasing-Power Parity
A theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Imperfect Substitutes
Products or services that can replace each other to some extent but are not perfect substitutes due to differences in features, preferences, or qualities.
Transported
The act or process of moving goods or people from one place to another via various modes of transportation like vehicles, trains, ships, or planes.
Consumer Preferences
The subjective tastes and likes that govern the choices made by consumers regarding the purchase of various goods and services.
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