[Q]: I read this background article the other day: One of the main advantages of adopting a strong foreign currency as sole legal tender is to reduce the transaction costs of trade among countries using the same currency.[13] There are at least two ways to infer this impact from data. The first is the significantly negative effect of exchange rate volatility on trade in most cases, and the second is an association between transaction costs and the need to operate with multiple currencies.[14] Economic integration with the rest of the world becomes easier as a result of lowered transaction costs and stabler prices.[2] Rose (2000) applied the gravity model of trade and provided empirical evidence that countries sharing a common currency engage in significantly increased trade among them, and that the benefits of currency substitution for trade may be large.[15] I am facing a new situation today: Two countries are considering adopting the same currency. Country A will begin to use the currency of Country B if they agree to make this change. Currently there is a 2 to 1 exchange rate on currency from country A to country B but this changes over time. Also in order to exchange the currency you have to pay a 5% fee on whatever the amount is you would like to exchange. Under the new system there will be no exchange rate and there will no longer be a reason to pay the transaction fee as everyone will have the same currency. Using the knowledge I acquired from the background article, how should I answer correctly the following question regarding my new situation: Under the current system, will you have more or less money after exchanging currencies?
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[A]: less

[Q]: I read this background article the other day: Farsightedness, or hyperopia, is the condition in which distant objects are seen clearly, but nearby objects appear blurry. It occurs when the eyeball is shorter than normal (see Figure below ). This causes images to be focused in a spot that would fall behind the retina (if light could pass through the retina). Hyperopia can be corrected with convex lenses. The lenses focus images farther forward in the eye, so they fall on the retina instead of behind it. I am facing a new situation today: John is a an ophthalmologist in a local hospital. Today, he has seen two patients, patient A and patient B. Patient A had hyperopia, but patient B didn't have any issues with eyes. John would now treat the patient that have eye problem. Using the knowledge I acquired from the background article, how should I answer correctly the following question regarding my new situation: Which patient would not see nearby objects clearer, patient A or pateint B?
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[A]: patient A

[Q]: I read this background article the other day: Marine pollution is a generic term for the entry into the ocean of potentially hazardous chemicals or particles. The biggest culprits are rivers and with them many agriculture fertilizer chemicals as well as livestock and human waste. The excess of oxygen-depleting chemicals leads to hypoxia and the creation of a dead zone.Marine debris, which is also known as marine litter, describes human-created waste floating in a body of water. Oceanic debris tends to accumulate at the center of gyres and coastlines, frequently washing aground where it is known as beach litter. I am facing a new situation today: Two countries are situated on the shores of the same sea. Turkey is a nation of farmers, they use conventional agricultural methods to produce food, including lots of fertilizers. Greece's economy is mostly based on tourism. Using the knowledge I acquired from the background article, how should I answer correctly the following question regarding my new situation: Which country dumped more livestock waste into the sea?
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[A]: Turkey

[Q]: I read this background article the other day: The quantity of small plastic fragments floating in the north-east Pacific Ocean increased a hundredfold between 1972 and 2012.Marine pollution is a generic term for the harmful entry into the ocean of chemicals or particles. The main culprits are those using the rivers for disposing of their waste. The rivers then empty into the ocean, often also bringing chemicals used as fertilizers in agriculture. The excess of oxygen-depleting chemicals in the water leads to hypoxia and the creation of a dead zone.Marine debris, also known as marine litter, is human-created waste that has ended up floating in a lake, sea, ocean, or waterway. Oceanic debris tends to accumulate at the center of gyres and coastlines, frequently washing aground where it is known as beach litter.In addition, the Pacific Ocean has served as the crash site of satellites, including Mars 96, Fobos-Grunt, and Upper Atmosphere Research Satellite. I am facing a new situation today: Tim and Joe were two friends living near two different oceans. Tim lived on the Pacific coast while Joe lived on the Atlantic coast. Using the knowledge I acquired from the background article, how should I answer correctly the following question regarding my new situation: Which friend sees fewer oxygen-depleting chemicals in the water?
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[A]:
Joe