Choose the correct definition of purchasing power parity. In the long run, a unit of currency can buy the same quantity of goods and services anywhere in the world.
In the long run, a unit of currency buys the same amount of a good for a poor person as a rich person.
The currency exchange rate between two nations will always gravitate toward 1 to 1.
The exchange rate from currency A into currency B is the reciprocal of the rate from B into A.

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

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The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?