3) Because there are sometimes no substitutes for traded goods, this will: a. reduce the probability that PPP will hold.
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3) Because there are sometimes no substitutes for traded goods, this will: a. reduce the probability that PPP will hold.
3) Because there are sometimes no substitutes for traded goods, this will: a. reduce the probability that PPP will hold. b. increase the probability that PPP will hold. c. increase the probability the IFE will hold. d. increase the probability that PPP will hold AND increase the probability the IFE will hold
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