Question

People are unlikely to buy Big Macs in the places where they are relatively cheap (according to purchasing power parity) and sell them where they are relatively more expensive, in order to make a profit because: Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. check all that apply they would be expensive to transport.unanswered there is little resale market for used Big Macs.unanswered it violates trade agreements.unanswered they are perishable.unanswered the transaction costs would be too high.unanswered it is against the law.unanswered

Answer 1

People will buy at places that are cheap and sell at more expensive prices because:

• The transactions costs would be too high.
• There's little resale market for used Big Macs.
• They would be expensive to transport.
• They're perishable.

What is transactions cost?

Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.

In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.

Learn more about transactions cost on:

brainly.com/question/1405573