Suppose you owe 70 billion Pesos to Mexican Government. The current exchange rate 500,000 pesos per dollar. After 1 month, the exchange rate becomes 1,000,000 pesos per dollar due to an increase in demand for dollar. As a result, you would A. not answer because there are too many zeros in a bilion OB. lose about $70,000 OC. gain about $70,000 O D. not answer because the information given is not suficient

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The theory of absolute advantage was given by Adam Smith in the year 1776.