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:

Act of Faith

A belief or trust in something that is not based on proof or empirical evidence, often used in religious contexts.

Religious Beliefs

The specific convictions or doctrines that individuals or groups hold concerning the divine or transcendent.

Moral Proof

Arguments or evidence regarding what is right and wrong, often used in philosophical and ethical discussions to substantiate moral judgments or principles.

Religious Belief

A conviction or faith regarding the existence, nature, and worship of a deity or deities, and the divine involvement in the universe and human life.