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Refer to the Table 12-1.What countries in the table does purchasing-power parity hold for?
Rationality
The quality of being based on or in accordance with reason or logic, often associated with decision-making processes that are efficient or optimal.
Scarce Resources
Limited availability of inputs required to produce goods and services, such as labor, land, and capital, necessitating choices and priorities in their utilization.
Unlimited Wants
The concept that human desires and aspirations are endless, which drives continual economic demand and consumption.
Scarce Resources
Natural or man-made assets that are limited in supply, making them valuable for the production of goods and services.
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