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Which one of the following statements is the MOST accurate? a.Relative price changes could not lead to PPP violations if trade were restricted. b.Relative price
Which one of the following statements is the MOST accurate?
a.Relative price changes could not lead to PPP violations if trade were restricted.
b.Relative price changes could lead to PPP violations only if trade were restricted.
c.Relative price changes could lead to PPP violations even if trade were free and costless.
d.Price changes always lead to PPP violations if trade were restricted.
e.Price changes could not lead to PPP violations even if trade were free and costless.
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