Examlex
Antidumping laws enable formal institutions to affect international competition.
Purchasing-power Parity
A theory in economics that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Nominal Exchange Rate
The rate at which one currency can be exchanged for another without adjusting for inflation.
Prices
The amount of money required to purchase a good or service.
Arbitrage
The simultaneous purchase and sale of the same asset in different markets to profit from tiny differences in the asset's listed price.
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