Prices in Both the U

question 46

Multiple Choice

Prices in both the U.S.and India rise,but prices in India increase by a smaller percentage.According to purchasing-power parity the U.S.dollar

• A)gains value both in terms of the domestic goods and services it can buy and in terms of the Indian currency it can buy.
• B)gains value in terms of the domestic goods and services it can buy,but loses value in terms of the Indian currency it can buy.
• C)loses value in terms of the domestic goods and services it can buy,but gains value in terms of the Indian currency it can buy.
• D)loses value both in terms of the domestic goods and services it can buy and in terms of the Indian currency it can buy.

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Definitions:

Reasonable Notice

A requirement for the provision of timely and clear information to all parties involved in a legal agreement or procedure.

Written Notice

A formal, documented communication required in many legal situations to officially inform a party of certain actions or intentions.

Oral Notice

Notification or communication of information conveyed through spoken words rather than written form.

Commercial Illegality

The state of being contrary to the laws governing commerce and business practices.