Question

7) Who first proposed the theory of purchasing power parity?

a) David Ricardo b) Cassel c) Robinson d) J. S. Mill​

Answer 1

Answer:

b

Cassel is the right answer

Answer 2

Answer:

Cassel first proposed the theory of purchasing power parity...

Explanation:

The term “purchasing power parity” was originated by Cassel (1918, p. 413), but he presented his PPP theory nearly three years earlier using the equivalent term “theoretical rate of exchange” (1916, p. 64).

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