Question
You read in a magazine that economic theory suggests the price of gold should be the same in every country. Describe the theory from international
You read in a magazine that economic theory suggests the price of gold should be the same in every country. Describe the theory from international finance that links prices across countries. Explain three reasons why you might not expect this theory to hold in practice.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
