Explain why it is alleged that a system of flexible exchange rates could have "wasteful resource movements." Why are these movements thought to be wasteful? Don't resources need to move between sectors as demand, cost, and profitability conditions change in a dynamic economy?

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The Answer of Explain why it is alleged that a system of flexible exchange rates could have "wasteful resource movements." Why are these movements thought to be wasteful? Don't resources need to move between sectors as demand, cost, and profitability conditions change in a dynamic economy?

Explain Why It Is Alleged That a System of Flexible