Which of the following explains why purchasing power parity does not completely explain long-run fluctuations in exchange rates?
A) Most countries do not impose barriers to trade.
B) Some goods and services produced in any country are not traded internationally.
C) Consumer preferences for goods and services across countries are very similar.
D) Most countries have free markets with little, if any, government regulation.
B
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Indifference curves show all combinations of commodities that are equally desirable to the consumer.
Answer the following statement true (T) or false (F)
A firm lacks market power if it cannot influence __________
Fill in the blank(s) with correct word
Suppose the domestic supply (QSU.S) and demand (QDU.S) for skateboards in the United States is represented by the following set of equations:QS = -60 + 3PQD = 390 - 2PIn the absence of international trade in skateboards, what will be the equilibrium price of skateboards in the United States?
A. $66 B. $150 C. $45 D. $90
A temporary limitation on capital flows may help stop a financial crisis that has begun
Indicate whether the statement is true or false