📊 International Economics
Q. law of one price prevails when
  • (A) transportation costs, barriers to trade (import-export levies, customs dutyet c) and other transaction costs (currency conversion fee) are insignificant.
  • (B) there must be competitive markets for the goods and services in both countries.
  • (C) the loop applies only to tradable goods. loop is not applicable to immobile goods such as houses and many services that are local in nature.
  • (D) all the above
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✅ Correct Answer: (D) all the above

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