What is required for absolute purchasing power parity to hold? Do you think absolute PPP would hold in the case where a shoe retailer in the U.S.sits directly across the border from a shoe retailer in Canada? How about Houston,Texas,and London,England?

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The Answer of What is required for absolute purchasing power parity to hold? Do you think absolute PPP would hold in the case where a shoe retailer in the U.S.sits directly across the border from a shoe retailer in Canada? How about Houston,Texas,and London,England?

What Is Required for Absolute Purchasing Power Parity to Hold