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3) (11 points) Do non-tradable goods have an impact on the potential application of purchasing power parity? Why? Provide a couple of good examples from

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3) (11 points) Do non-tradable goods have an impact on the potential application of purchasing power parity? Why? Provide a couple of good examples from the lecture slides of non-tradeable services. What empirical research with regressions support the impact of nontradeable goods on relative price comparisons

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