Which of the Following Explains Why Purchasing Power Parity Does

question 79

Multiple Choice

Which of the following explains why purchasing power parity does not completely explain long-run fluctuations in exchange rates?

• A)Some goods and services produced in any country are not traded internationally.
• B)Consumer preferences for goods and services across countries are very similar.
• C)Most countries do not impose barriers to trade.
• D)Most countries have free markets with little,if any,government regulation.

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Definitions:

Trial Close

A sales technique where the salesperson asks the prospect a question or series of questions to gauge the prospect's readiness to buy and identify objections early.

SELL Sequence

A sales technique that involves showing the product, explaining its advantages, leading into benefits for the customer, and letting the customer talk to uncover their needs and interests.

Consumer Buying

The purchasing activities of individuals and households for their personal use or consumption or to meet the collective needs of the household unit, such as a family or individual.

Organizational Buying

The decision-making process by which formal organizations establish the need for purchased products and services and identify, evaluate, and choose among alternative brands and suppliers.