The International Comparison Project undertook an extensive analysis of price levels in most Asian countries.Which of the following reflects the conclusion of this work?
A) Inflation has crippled the ability of the poor to purchase basic necessities,including food.
B) Price levels in Asia were lower than anticipated.
C) Price levels in Asia were higher than anticipated.
D) High inflation corresponded with wage increases and so purchasing power was unchanged.

Question

Quizplus · Accepted Answer

The question states that "price levels in most Asian countries" were analyzed by the International Comparison Project. The conclusion drawn from this analysis was that "price levels in Asia were higher than anticipated." Therefore, choice C is the correct answer. Choices A, B, and D do not accurately reflect the conclusion of the analysis.

The International Comparison Project Undertook an Extensive Analysis of Price