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Suppose that the price of an identical sport utility vehicle is $32,000 in US dollars in the United States and C$32,000 in Canada suppose in
Suppose that the price of an identical sport utility vehicle is $32,000 in US dollars in the United States and C$32,000 in Canada suppose in the addition that the exchange rate between Canada and the US is one Canadian dollar equals US$.75 Does purchasing power parody hold for SUVs between United States and Canada A) yes because SUVs have the same price in each local currency B) no because SUVs are more expensive in Canada than the United States C) no because SUVs are more expensive in the United States than in Canada D) without knowing interest rates we can't say
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