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Author Question: Why might a group of countries wish to have a common currency? Explain four reasons. What will be ... (Read 22 times)

ARLKQ

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Why might a group of countries wish to have a common currency? Explain four reasons.
 
  What will be an ideal response?

Question 2

Suppose Mexico can produce 5 autos or 10 corn. Suppose the United States can produce 4 autos or 20 corn. If opportunity costs are constant for both countries, which of the following would NOT be a potential terms of trade?
 
  A) 1 auto for 3 corn
  B) 1 auto for 4 corn
  C) 1 corn for 1/3 of an auto
  D) 1 corn for 1 auto


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Li Jun

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ARLKQ

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


jackie

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Reply 3 on: Yesterday
Excellent

 

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