Refer to Figure 2-8. If Vidalia chooses to produce 80 dozen roses, how many orchids can it produce to maximize production?

Each country's IMF quota subscription is determined by

A) the relative size of its national income. B) the size of its population. C) the size of world trade. D) how much a country wants to contribute.

Suppose the exchange rate is such that 1 U.S. dollar equals 1 euro in New York and 0.9 euros in Paris. An arbitrageur would sell euros

a. in New York and buy U.S. dollars in Paris b. in Paris and buy U.S. dollars in New York c. in New York while buying them in Paris d. in Paris while buying them in New York e. at the same price in both cities