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Author Question: What are the disadvantages of adopting a single currency? Explain. What will be an ideal ... (Read 100 times)

bobypop

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What are the disadvantages of adopting a single currency? Explain.
 
  What will be an ideal response?

Question 2

Suppose that Paraguay can produce 12 wheat or 3 corn and Bolivia can produce 4 wheat or 2 corn. Suppose that opportunity costs are constant. Which of the following is a potentially agreeable trade arrangement for Paraguay and Bolivia?
 
  A) Paraguay trades one corn to Bolivia for three units of wheat.
  B) Bolivia trades one corn to Paraguay for three units of wheat.
  C) Bolivia trades one corn to Paraguay for one wheat.
  D) Paraguay trades one wheat to Bolivia for two corn.


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DylanD1323

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bobypop

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


chjcharjto14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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