What is purchasing power parity


Question 1. Why don't government-run organizations don't worry too much is merit raises, but prefer to hold down wages?

Question 2. What is purchasing power parity, and why should managers or international companies be concerned about it?

Question 3. What common problem does the use of GNI per capita and population density values present?

Question 4.

a. What is the capitalist, free enterprise ideal?

b. What is the actual situation in capitalist countries?

Question 5. What are advantages of submitting contract disputes to arbitration instead of to litigation in courts?

Around 600 words with references.

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