The idea that the value of money is equal across countries is ...

[appyboo]

The idea that the value of money is equal across countries is known as
 
  A) interest rate parity.
  B) the expected profit parity effect.
  C) purchasing power parity.
  D) exchange rate parity.

Question 2

Four people each have a different willingness to pay for one unit of a good: George will pay 15, Glen will pay 12, Tom will pay 10, and Peter will pay 8.
 
  If price is equal to 9 per unit then the quantity demanded in the market will be ________ and the consumer surplus for this unit will be ________. A) 3; 10
  B) 3; 37
  C) 3; 36
  D) 4; 8

[covalentbond]

Answer to Question 1

C

Answer to Question 2

A

[appyboo]

YES! Correct, THANKS for helping me on my review

[softEldritch]

Thanks for the timely response, appreciate it