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2) The country of Economica is in crisis. Due to hyperinflation, residents are not accepting the local currency. You and a group of local economists
2) The country of Economica is in crisis. Due to hyperinflation, residents are not accepting the local currency. You and a group of local economists have been tasked with finding a commodity which can act as currency and will allow trade to take place once again. Your fellow economists have suggested sunflower oil and coffee beans, both of which, being a major producer, Economica has plenty of. Ignoring other practicalities and focussing on the characteristics of each commodity, outline the pros and cons of using each one of the two commodities. Which of the two do you think would make the better medium of exchange, why? [word guide: 100-300 words, maximum 350 words] (45 marks)
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