« previous next »

Author Question: The major difference between absolute purchasing power parity (APPP) and the law of one price (LOOP) ... (Read 57 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jun 30, 2018
The major difference between absolute purchasing power parity (APPP) and the law of one price (LOOP) is:
 a. APPP deals with the equilibrium exchange rate for one good, and LOOP deals with the equilibrium exchange rate for a basket of goods.
  b. APPP deals with changes in nominal exchange rates for a basket of goods, and LOOP deals with levels of exchange rates for a particular good.
  c. APPP deals with changes in nominal exchange rates for a basket of goods, and LOOP deals with changes of exchange rates for a particular good.
  d. APPP deals the equilibrium exchange rate for a basket of goods, and LOOP deals with the equilibrium exchange rate for one particular good.
  e. None of the above.

Question 2

The value of a nation's currency is a good reflection of:
 a. The nation's wealth.
  b. The nation's international competitiveness.
  c. The nation's income.
  d. None of the above.


eliasc0401

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

.D

Answer to Question 2

.D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Difference between.... Difference between....
Difference between Functional and Cross-Functional team Difference between Functional and Cross-Functional team
Major regulatory factors controlling pyruvate dehydrogenase and the citric acid cycle Major regulatory factors controlling pyruvate dehydrogenase and the citric acid cycle
Overview of the major events and outcomes of mitosis and meiosis Overview of the major events and outcomes of mitosis and meiosis
Major bone (tan) and cartilage (light blue) elements of the human skeleton. Inset shows regions of v Major bone (tan) and cartilage (light blue) elements of the human skeleton. Inset shows regions of v
Major RNA Molecules Major RNA Molecules
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library