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A pair of shoes in the United States costs US$45, while a pair of the exact same type of shoes costs 600 pesos in Mexico.

A pair of shoes in the United States costs US$45, while a pair of the exact same type of shoes costs 600 pesos in Mexico. The exchange rate is E = $0.066 / 1 Mexican Peso (MXN).Ignoring all transactions costs, where would be the better place to buy these shoes?

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