Which of the Following Statements Is the MOST Accurate? the Law

question 30

Multiple Choice

Which of the following statements is the MOST accurate? The law of one price states

• A)in competitive markets free of transportation costs and official barriers to trade,identical goods sold in different countries must sell for the same price when their prices are expressed in terms of the same currency.
• B)in competitive markets free of transportation costs and official barrier to trade,identical goods sold in the same country must sell for the same price when their prices are expressed in terms of the same currency.
• C)in competitive markets free of transportation costs and official barrier to trade,identical goods sold in different countries must sell for the same price.
• D)identical goods sold in different countries must sell for the same price when their prices are expressed in terms of the same currency.
• E)in competitive markets free of official barrier to trade,identical goods are sold at the same price regardless of transportation costs.

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Definitions:

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals.

Organic Molecule

A compound that contains carbon atoms bonded together, often with hydrogen, oxygen, and other elements, and is part of living organisms.

Amino Acid

A building block of proteins, consisting of a basic amino group, an acidic carboxyl group, and a unique side chain.

Sulfur

A chemical element with symbol S and atomic number 16, known for its bright yellow color and importance in both organic molecules and inorganic minerals.