Author Question: If absolute PPP holds, then relative PPP will also hold. Indicate whether the statement is true ... (Read 15 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
If absolute PPP holds, then relative PPP will also hold.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is TRUE?
 
  A) Generally, the lower the country's average income, the less administrative, scientific, and technical capacity it has to design and enforce standards.
  B) National priorities do not change as income changescountries of all income levels seem to share the same priorities and values.
  C) Differences in income are always an obstacle to the harmonization of standards.
  D) The adoption of a common set of rules usually narrows the market and raises prices.



Mochi

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

TRUE
Explanation: If the levels of the variables (prices and exchange rates) hold, then changes in these variables should hold as well. But, not vice-versa.

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library