Answer to Question #14287 in Macroeconomics for Nita

Question #14287
1. Flexible and floating exchange rates offer an effective international monetary arrangement. Discuss. 2. Why would Namibia export clothing to China, and also import clothing from China? <why do countries trade in the same types of goods? – intra-industry trade> 3. What is the effect of high inflation on the national currency? 4. What is exchange rate purchasing power parity? Why is it useful?
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