Lecture 7 - Baldwin Wallace University

2) In January 2013, the world's cheapest Big Macs were sold in. A) the Philippines. B) Russia. C) China. D) Malysia. E) the Czech Republic. Answer: D. Page Ref: 425-432. Difficulty: Easy. 3) The PPP theory fails in reality for all of the following reasons EXCEPT. A) transport costs. B) monopolistic or oligopolistic practices in goods markets. ................
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