Arbitrage in the foreign exchange market, international loans markets, and goods markets results in
A) purchasing power parity, interest rate parity and law of one price.
B) purchasing power parity, interest rate parity and price parity.
C) purchasing power parity, interest rate parity and round-trip profit.
D) purchasing power parity, price parity and no round-trip profit.
A
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The absence of the Southern economy's ability to earn foreign exchange and its markets severely impacted all non-local trade in the U.S. after the Civil War
Indicate whether the statement is true or false
A liberal philosophy of land distribution would support which of the following rules about paying for western land?
a. High minimum acreage rules for people buying land b. High minimum prices for land c. Credit payments for the land
The marginal utility gained from the consumption of successive units of a typical good:
A. tends to decrease. B. tends to increase. C. may increase or decrease depending on the cost of the good. D. tends to stay the same.
The PE ratio is a measure of how highly a stock is valued relative to its current earnings
a. True b. False Indicate whether the statement is true or false