Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

International Business > Topic 5 > Flashcards

Topic 5 Flashcards

1
Q

What is the law of one price?

A

Identical goods sell for the same price worldwide.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the purchasing power parity law?

A

Overall real price levels should be identical worldwide.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the relative purchasing power parity?

A

Relative changes in price levels will be offset by changes in exchange rates.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

International Business (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions