Which One of the Following Conditions Does Not Exist If

question 45

Multiple Choice

Which one of the following conditions does not exist if absolute purchasing power parity exists?

• A)Goods are identical.
• B)Trade barriers are nonexistent.
• C)Transaction costs are equal to zero.
• D)Goods have equal economic values.
• E)Goods differ based on geographic location.

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Definitions:

Follow-Up

Phase of production control in which employees and their supervisors spot problems in the production process and determine needed adjustments.

Installation

The process of setting up a piece of equipment or software to be ready for use.

Virtual Approach

A strategy that involves using digital technologies and the internet to conduct business activities, largely reducing or eliminating the need for physical presence.

Qualify Sales Prospects

The process of assessing potential sales leads to determine whether they have the need, authority, and financial capacity to purchase a product or service.