To help developing nations strengthen their international ...

[oliviahorn72]

To help developing nations strengthen their international competitiveness, many industrial nations have granted tariff reductions to developing nations under the
 
  A) international commodity agreements program.
  B) multilateral contract program.
  C) generalized system of preferences program.
  D) export led growth program.
  E) import substitution policy.

Question 2

Discuss the differences between Absolute PPP and Relative PPP.
 
  What will be an ideal response?

[bblaney]

Answer to Question 1

C

Answer to Question 2

Absolute PPP states that the exchange rate between two currencies equals the ratio of their price levels. Relative PPP states that the percentage change in the exchange rate between two currencies over a given period equals the difference between the inflation rates of those two currencies.

[oliviahorn72]

Thanks for the timely response, appreciate it

[ultraflyy23]

TYSM