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For the law of one price to hold, all of the following are necessary EXCEPT: A. transportation costs must be negligible. B. exchange rates must

For the law of one price to hold, all of the following are necessary EXCEPT:

A. transportation costs must be negligible. B. exchange rates must be fixed. C. tariffs must not be levied by any country. D. all goods and services must be tradable. OR E. traded goods must be homogeneous.

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For the law of one price to hold, all of the following are necessary EXCEPT: A. transportation costs must be negligible. B. exchange rates must

For the law of one price to hold, all of the following are necessary EXCEPT: A. transportation costs must be negligible. B. exchange rates must be fixed. C. tariffs must not be levied by any country. D. all goods and services must be tradable. OR E. traded goods must be homogeneous.

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For the law of one price to hold, all of the following are necessary EXCEPT:

A. transportation costs must be negligible. B. exchange rates must be fixed. C. tariffs must not be levied by any country. D. all goods and services must be tradable. OR E. traded goods must be homogeneous.