Comparative Advantage and International Trade and Finance

label Economics
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  • Imagine that you own a business in which the majority of revenue came from exporting products to other countries. Determine if you would support a fixed or flexible exchange rate system. 
Mar 9th, 2015

I would support a flexible exchange rate system, because it would allow me to time my exports in a manner that maximized profit for each export.  This would involve being very familiar with exchange rates and having an expert who knows a good exchange rate pattern.

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Mar 9th, 2015

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