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Law of One Price (Economic Laws)

$1.50

Details

Audience
Gifted, Homeschool, Student
Grade
8th, 9th, 10th, 11th, 12th, Higher Ed
Resource Type
Assignments, Handouts, Reading Passages
Pages
3 Pages
Subject
Reading Comprehension & Learning, Economics, Markets

Description

The law of one price (LOOP) states that in the absence of trade frictions, and under conditions of free competition and price flexibility, identical goods sold in different locations must sell for the same price when prices are expressed in a common currency.

Teaching is easy when using these two worksheets. First, students learn the information and then write about what they learned.
The law of one price (LOOP) states that in the absence of trade frictions, and under conditions of... read more

Law of One Price (Economic Laws)

$1.50