Consider the gold standard topic and consider that this time new gold mines are found and gold is subject to trading as 1 Ounce of Gold = 15.00 ounces of Silver in the foreign market instead of 1 Ounce Gold = 15.5 Ounce Silver. Clearly indicate the processes of how bad money drives out good money. How does Gresham's Law work in this case and how can the arbitrager make a profit? You also need to show numerically how the profit to be obtained in your example is calculated.