You are an international shrimp trader. a food producer in the czech republic offers to pay you 2.1 million czech koruna today in exchange for a year's supply of frozen shrimp. your thai supplier will provide you with the same supply for 2.9 million thai baht today. if the current competitive market exchange rates are 25.29 koruna per dollar and 41.18 baht per dollar, what is the value of this exchange to you?

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.