If pepperoni pizzas sell for $10 in Berkeley, California, and £10 in London, England, and the exchange rate is $1.35 = £1,
A) the law of one price has been violated.
B) either the British government or the American government must be interfering with the market determination of the exchange rate.
C) the value of the dollar versus the pound is likely to rise.
D) there is no contradiction in the information given because pizza is not a tradeable good.
D
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)
According to the ________, if Carla has many of the characteristics of a stereotypical basketball player (for example, she is tall), then people will be more likely to assume she plays basketball.
A. representative heuristic B. availability heuristic C. adaptive rationality standard D. Weber-Fechner law
What was the total for net investment income in 2017?
a. -$1,183 billion
b. $221 billion
c. $354 billion
d. $1,537 billion