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1.If you and Dan compete in a triathlon and you beat Dan in the running portion...

1.If you and Dan compete in a triathlon and you beat Dan in the running portion by 3 hours, you beat Dan in the biking portion by 4 minutes, and in the swimming portion Dan has to be saved by a rescue boat, in what portion of the triathlon does Dan have a relative comparative advantage?

2. Exporters like for their home currency to____, Consumers like for the home currency to _____.

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Answer #1

2. Exporter like for their home currency to depreciate, Consumers like for the home currency to appreciate.

This is a common thing that Exporter urge for the foreign currency to appreciate so that they can get more value in terms of home currency. Whereas consumers always want to buy the goods at less price i.e. if the price of home currency appreciates in respect of foreign currency then the consumers are benefited. Thereby they like home currency to appreciate.

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