Problem
1. How would the effects of international trade on the domestic orange market change if the world price of oranges were above the domestic equilibrium price? Draw a graph to help explain your answer.
2. What kinds of exchange rate arrangements do the countries of the world use? What is the most popular exchange rate arrangement for the major industrial countries?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.