Question and answer
Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar. B. Because people have
essentially the same basic needs wherever they live, they tend to buy the same bundle of goods. C. Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the US to import all goods at one price. D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
An example of the law of one price is: D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency. The law of one price is an economic law stated as: "In an efficient market, all identical goods must have only one price."
Get an answer
Original conversation
User: Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar. B. Because people have essentially the same basic needs wherever they live, they tend to buy the same bundle of goods. C. Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the US to import all goods at one price. D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.

Weegy: Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar
Expert answered|jhehe|Points 335|



Question
Asked 7/1/2012 3:22:27 PM
Updated 7/1/2012 3:55:49 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry
New answers
Rating
4
An example of the law of one price is: D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
The law of one price is an economic law stated as: "In an efficient market, all identical goods must have only one price."
Added 7/1/2012 3:55:51 PM
This answer has been added to the Weegy Knowledgebase
Rated good by server999
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
0 questions answered
Popular Conversations
what is a gong?
5/5/2016 7:07:26 AM| 2 Answers
The talk test can be used to measure the __________. A. knowledge ...
Weegy: The talk test can be used to measure intensity of an activity.
5/5/2016 12:29:35 AM| 1 Answers
Forms of money in the United States consist of paper money, coins, ...
Weegy: Forms of money in the United States consist of paper money and coins only.
5/5/2016 1:05:37 AM| 1 Answers
Weegy Stuff
S
Points 210 [Total 210] Ratings 8 Comments 130 Invitations 0 Offline
S
Points 170 [Total 170] Ratings 2 Comments 130 Invitations 2 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 142 [Total 12394] Ratings 2 Comments 122 Invitations 0 Online
S
L
P
P
P
Points 45 [Total 3422] Ratings 0 Comments 45 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 10 Invitations 0 Online
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.