Go to The Economist website and search for the Big Mac Index for a recent time period. Compare the Purchasing Power of the United States with another country. Try to choose a country with which you are not very familiar. What does this parity say about the potential standard of living in the country you chose? What does it say about the potential wage level?
Prof Double R
In response to your peers, consider their argument. Do you agree? Disagree? Are there parts of their argument that you agree with? If so, which ones? If not, which parts do you specifically disagree with? Is there something that your peer said that made you reevaluate your position a bit?