According to absolute PPP theory,we expect that the price of any particular product should be the same in different countries,but in reality this is often not the case.

Question

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This statement is true. Absolute PPP theory suggests that the price of a product should be the same in different countries when expressed in a common currency, but various factors such as transportation costs, trade barriers, and differences in taxes and regulations may prevent this from being true in reality.

According to Absolute PPP Theory,we Expect That the Price of Any