This preview shows page 1. Sign up to view the full content.
Unformatted text preview: the border. None of these claims are backed up well at all First of all, if the value of the peso decreased, the price of that item in dollars would remain the same according to the laws of economics. Lets say that Item A cost 10 pesos a few months ago, or one dollar. If the value of the peso decreased to 14 pesos per dollar, the price of Item A would simply increase to 14 pesos and remain at one dollar, keeping its practical value. Therefore, the arguments of this article are not adequately justified....
View Full Document
This note was uploaded on 11/03/2009 for the course NA 12345 taught by Professor Na during the Spring '09 term at École Normale Supérieure.
- Spring '09