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Which of the following is NOT a reason for the slow adjustment of the real exchange rate toward purchasing power parity? Select one: Taxes or
Which of the following isNOTa reason for the slow adjustment of the real exchange rate toward purchasing power parity?
Select one:
Taxes or subsidies are the same across countries.
Certain goods cannot be traded.
Governments may have imposed tariffs on foreign goods.
Rents in different countries vary.
There are always transportation costs involved in the movement of goods across borders.
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