The Theory of PPP Suggests That If One Country's Price

question 1

Multiple Choice

The theory of PPP suggests that if one country's price level rises relative to another's,its currency should

• A)depreciate.
• B)appreciate.
• C)float.
• D)do none of the above.

---

Definitions:

Angraecum

A genus of orchids, primarily found in Madagascar, known for their elongated spur and nocturnal fragrance.

Polydactylism

A genetic variation resulting in more than the usual number of fingers or toes on the hands or feet, respectively.

Tay-Sachs Disease

A genetic disorder that destroys nerve cells in the brain and spinal cord progressively due to the absence of a vital enzyme, leading to severe neurological disability and death.

Genetic Drift

Refers to the random fluctuations in the frequency of alleles within a population over time, not due to natural selection.