In Panama, a dollarized country, a Big Mac is about 30% cheaper than in the United States.

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In Panama, a dollarized country, a Big Mac is about 30% cheaper than in the United States. Why?

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Modern Principles Of Economics

ISBN: 9781319245399

5th Edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Feb 16, 2023 06:02 AM

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In Panama, a dollarized country, a Big Mac is about 30% cheaper than in the United States.

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Labor and probably land are c...View the full answer

Modern Principles Of Economics

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