That identical godos should cost the same in all nations, assuming tis costless to ship godos between nations and there are no barriers to trade, is a reflection of the:

Ram Sharma • 178.08K Points
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Q. That identical godos should cost the same in all nations, assuming tis costless to ship godos between nations and there are no barriers to trade, is a reflection of the:

(A) Monetary approach to exchange-rate determination

(B) Law of one price

(D) Exchange-rate-overshooting principle

Correct Answer - Option(B)

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