An Interesting Conclusion from Many Studies of International Price Differences

question 130

Multiple Choice

An interesting conclusion from many studies of international price differences is that:

• A) prices tend in general to be higher in low-income nations, causing steep declines in their standards of living.
• B) on average, prices of traded goods in low-income nations are lower and, therefore, their overall price levels are lower.
• C) on average, prices of nontraded goods in low-income nations are lower, but the prices on traded goods are higher and, therefore, their overall price level is not affected.
• D) price differences tend to be larger, depending on whether the central bank pegs the nation's currency to the U.S. dollar or the Japanese yen.

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Definitions:

N-Ethyl-N-Methylisobutyramide

A chemical compound, likely related to amides, which could be used in various organic syntheses but does not have a widely recognized application or definition under this specific name.

Compound Name

A designation or set of names used to identify a chemical compound based on its structure or molecular components.

Compound

A mixture formed by chemically joining two or more elements.

N,N-Diethylbutanamide

An organic compound featuring a butanamide core where both hydrogens of the amide group are replaced with ethyl groups.