As Paul Krugman notes in "Partying Like It’s 1998", foreign currency borrowing makes an emerging market country vulnerable to a devaluation. Krugman writes: "Whatever the shock, the crucial thing is that foreign [currency] debt has made your economy vulnerable to a death spiral." [Krugman’s article is attached separately] Was it a mistake for Argentina to encourage businesses and consumer to borrow in dollars in the 1990’s? As part of your answer, briefly explain both the pros and cons for Argentina of encouraging businesses and households to borrow in dollars.

Mauro products distributes a single product, a woven basket whose selling price is $15 and whose variable expense is $12 per unit. the company’s monthly fixed expense is $4,200. required: 1. solve for the company’s break-even point in unit sales using the equation method. 2. solve for the company’s break-even point in dollar sales using the equation method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.) 3. solve for the company’s break-even point in unit sales using the formula method. 4. solve for the company’s break-even point in dollar sales using the formula method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.)