题目内容
The law of one price works well for heavily traded commodities, either at a point in time or for changes over time.
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The law of one price does not hold closely for most products that are traded internationally, including nearly all manufactured products.
The law of one price is based on the purchasing power parity theory.
Usually, international arbitrage does not take place for non-traded products.
In the long run, a country with a relatively high inflation rate tends to have a depreciating currency.
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