Problem
For all the following examples the law of one price does not hold (i.e., at current nominal exchange rates, the price of these goods or services are not the same). For each case explain what prevents the law of one price from holding
a) a ton of sugar in the United States and a ton of sugar in Brazil.
b) a three bedroom penthouse in Manhattan and a three bedroom apartment in Mexico City.
c) a pound of the finest Swiss chocolate and a pound of Hershey's kisses.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.