1. Farmer A buys fertilizers from a travelling agent. He was surprised to buy the same from an outlet in downtown but observed about 20% price higher when he got them from a local store. Identify the phenomenon in which markets of goods and services are somehow related to one another being to experience similar patterns of increase or decrease in terms of the prices of those products. Give examples.
2. Explain how the Bretton Woods systemworks. What benefits does our country enjoy when the system is properly implemented? Use our currency(php) as an example.