Because there are sometimes no substitutes for traded goods, this will:
A. reduce the probability that PPP shall hold.
B. increase the probability that PPP shall hold.
C. increase the probability the IFE will hold.
D. increase the probability that PPE and IFE will hold.
Answer:A
Because there are sometimes no substitutes for traded goods, this will:
A. reduce the probability that PPP shall hold. B. increase the probability that PPP shall hold. C. increase the probability the IFE will hold. D. increase the probability that PPE and IFE will hold.