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    International Financial Management Study Set 4
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    Exam 1: Globalization and the Multinational Firm
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    Now Suppose That Southern Workers Are Paid €1 Per Day
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Now Suppose That Southern Workers Are Paid €1 Per Day

Question 93

Question 93

True/False

Now suppose that Southern workers are paid €1 per day but the Northern workers receive a raise to £2 per day.Will trade be possible at the exchange rate you found in the question before the last question?

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