Question

Purchasing power parity​ ______. A. implies that international trade is competitive B. holds if the price of a good is the same number of​ euros, pounds, or dollars C. always holds because exchange rates adjust automatically D. means that the value of the​ euro, the​ pound, and the dollar are equal

Answer 1

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.