Good Question.
Let's breakdown the story first,
LBT is worried that excess currency printing might lead to devaluation. And so, they're preferring to do their export trades in barter systems(in exchange for gold, silver etc..) rather than for their paper currency.
Uh-oh, now there's another problem, due to the deficit in these precious metals, the trade merchants are now facing difficulties doing business with barter system. (For an analogy: If trader A can export 100 containers of the product if currency money is allowed, now he's able to do only 40-50 containers with barter). And hence finally, the Governor decides to start printing the currency, as it's hampering their economic growth.
Our aim: To find a choice that best supports the Governor's decision to print more currency.
A. It was difficult for the colonists to maintain high levels of foreign exports during the wintermonths.
[color=#c0392b] "Winter Months" - we're nowhere talking about that. Irrelevant
...
Let's breakdown the story first,
LBT is worried that excess currency printing might lead to devaluation. And so, they're preferring to do their export trades in barter systems(in exchange for gold, silver etc..) rather than for their paper currency.
Uh-oh, now there's another problem, due to the deficit in these precious metals, the trade merchants are now facing difficulties doing business with barter system. (For an analogy: If trader A can export 100 containers of the product if currency money is allowed, now he's able to do only 40-50 containers with barter). And hence finally, the Governor decides to start printing the currency, as it's hampering their economic growth.
Our aim: To find a choice that best supports the Governor's decision to print more currency.
A. It was difficult for the colonists to maintain high levels of foreign exports during the wintermonths.
[color=#c0392b] "Winter Months" - we're nowhere talking about that. Irrelevant
...
Statistics : Posted by Sujithz001 • on 25 Aug 2023, 06:29 • Replies 6 • Views 1488
