According to the theory of purchasing power parity, what should happen to the value of...
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Finance
According to the theory of purchasing power parity, what should happen to the value of the U.S. dollar relative to the Mexican peso if the following occurs?
The United States puts quotas and tariffs on many imported goods.The United States puts quotas and tariffs on many imported goods.
nothing
A.
The value of the peso does not change relative to the dollar.
B.
The peso depreciates relative to the dollar.
C.
The peso appreciates relative to the dollar.
D.
There is not enough information to answer the question.
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