Using Apple’s iPhone Against McDonald’s Big Mac Price Variance To Measure Living Standards Globally – Forbes


The Australian Financial Review

Using Apple's iPhone Against McDonald's Big Mac Price Variance To Measure Living Standards Globally
Forbes
The little kicker here being of course that Apple's AAPL -0.06% iPhone, as a traded good, isn't going to vary in price around the world. That's David Ricardo's law of one price: traded goods will, in the absence of taxes, trend to the same price
How much does an iPhone cost around the world, in work hours?The Australian Financial Review

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