Which of the Following Conditions Are Required for Absolute Purchasing

question 38

Multiple Choice

Which of the following conditions are required for absolute purchasing power parity to exist?
I.goods must be identical
II.goods must have equal economic value
III.transaction costs must be zero
IV.there can be no barriers to trade

• A)I and III only
• B)II and IV only
• C)I, III, and IV only
• D)I, II, and III only
• E)I, II, III, and IV

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Definitions:

Two-Dimensional

Relating to or involving two dimensions, often used in mathematics, physics, and reference to flat surfaces.

Essential Attributes

Fundamental qualities or characteristics that are necessary for a thing's identity or classification.

Too Narrow

A logical fallacy where a definition or explanation is more limited in scope than is necessary, excluding relevant instances or data.

Developmental Period

A specific phase in an individual's life marked by unique physical, psychological, or emotional growth and change.