Assume that the only good traded between Mexico, the U.S., and Canada is chicken, which is produced by all three countries.If the cost of producing a pound of chicken is 5 pesos in Mexico, 1 U.S.dollar in the U.S., and 2 Canadian dollars in Canada, and if the law of one price holds, what are each of the exchange rates between the three countries?

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The Answer of Assume that the only good traded between Mexico, the U.S., and Canada is chicken, which is produced by all three countries.If the cost of producing a pound of chicken is 5 pesos in Mexico, 1 U.S.dollar in the U.S., and 2 Canadian dollars in Canada, and if the law of one price holds, what are each of the exchange rates between the three countries?

Assume That the Only Good Traded Between Mexico, the U