|Which of the following reasons can explain why purchasing power
parity doesn’t hold?
A. Trade restrictions
C. Political pressures
D. Purchasing power parity always holds.
Question 11 of 20
An example of a nontradable good is:
A. a bottle of wine from a remote valley in France.
B. a rare gemstone found in South Africa.
C. a haircut by a renowned Italian hairstylist in Florence.
D. All of these would be considered a nontradable good.
Question 12 of 20
Real income per person was the same until:
A. the 1800s, when the Industrial Revolution caused it to
B. the 1500s, when the Renaissance caused it to grow.
C. the 1900s, when wireless technology caused it to grow.
D. Real income per person has been roughly the same for the last