Question

If bo and kenzi were to specialize and trade, at what exchange rate would they find some quantity of trade to be mutually beneficial?

Answer 1

If bo and kenzi were to specialize and trade, at what exchange rate would they find some quantity of trade to be mutually beneficial?

1 Pizza or 1 Strombali

What is rate of exchange?

Exchange rate, the price of a country's money in relation to another country's money.

An exchange rate is “fixed” when countries use gold or another agreed-upon standard, and each currency is worth a specific measure of the metal or other standard.

An exchange rate is the value of a nation's currency in terms of the currency of another nation or economic zone.

For example, if the exchange rate between the U.S. dollar (USD) and the Japanese yen (JPY) is 120 yen per dollar, one U.S. dollar can be exchanged for 120 yen in foreign currency markets.

To know more about trade, refer

https://brainly.in/question/21286210

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