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How does the exchange rate influence the benefits of trade?
Mutually beneficial international trade arises specified the exchange ratios lie among the internal opportunity cost ratios for every country which is 2 cars for 1 tonne of cocoa as well as one tonne of cocoa for three cars. Therefore the exchange rate influence the benefits of trade.
What are the formal and informal sectors? Formal and informal sectors: Economic activities considered as to the government make up the formal sector of the economy. That
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