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Ao9 Ao9
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9 years ago
A principal reason that purchasing power parity does not hold exactly in practice is
A) that foreign and domestic assets are not perfect substitutes.
B) the existence of non-traded goods.
C) that costs of production are not the same in all countries.
D) that consumers in different countries have different preferences.
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Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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Ao9 Author
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9 years ago
Solved!!
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#3
9 years ago
Glad to help...
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