Examlex
Individual states may set their own minimum wage
Absolute Purchasing Power Parity
A theory that states that the price of goods in different countries should be equal when measured in a common currency.
Identical Goods
Products that are exactly the same in every feature and aspect, making them interchangeable.
Foreign Currency Approach
A method of managing financial accounts that involves conversion to and from foreign currencies in international transactions.
NPV
A rephrased definition of Net Present Value, it assesses the worth of future cash flows in today's dollars, subtracting the initial investment.
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