Friday, October 26, 2012

Topic 12: Pizza for Pesos?



         After watching the video, I think the video related to our budget line because before Pizza Patrón start to accept U.S. dollar, some of the people might not able to pay for the pizza since they only have Mexican pesos. In other words, I think we can also say that for the people who only have pesos, they didn’t even have a budget line on the graph for buying pizzas before Pizza Patrón start to accept pesos. When they later started to accept Mexican pesos, almost all the Mexican can find their budget line on the graph since they are able to pay for the pizzas. In my opinion, I think the exchange rate for Mexican pesos doesn’t matter a lot, since Pizza Patrón set their exchange rate as 12 pesos, it doesn’t not change a lot throughout the everyday change of the value of money.
        The video later talks about the how this act became a hot debate about illegal immigration. People later call or mail to the company and criticize them. However, in my opinion, I didn’t think that an acceptation of other money is a big deal for the country; it is even better since it makes our life more convenient and globalize. If Taiwan can start to accept yen, dollars, or RMB, I think the economy might end up getting better since people can have more choice of buying thing not just using NTD.

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