Answer:
Path dependency.
Explanation:
Path dependency gives us an idea about why a product is still used, taking into account the user's preferences through the passing of time. It is possible for a company to keep choosing a product for its effectiveness no matter if innovative options appear. This is commonly related to how expensive it would be to create a new option instead of still using the current one.
<u>Answer:</u>
According to the International fisher effect , for any two countries, the spot exchange rate should change in an equal amount but in the opposite direction to the difference in nominal interest rates between the two countries.
<u>Explanation:</u>
- International fisher effect states that if there is difference in nominal rate in two countries then this might affect the exchange rate of the two countries.
- If any country has higher nominal interest then there is a higher chance of inflation which might result in depreciation in there currency.
- For example XYZ country has 8% nominal interest and another ABC country have 10%. If we look closely, country ABC will be more appreciable but the country with higher interest will have higher inflation rate.
- So, inflation depreciates the currency of country as compared with the country with low nominal interest.
Jacksonian democracy is a political princilple that <span> espoused greater </span>democracy<span> for the </span>common man<span>,
One interpretation for this is to completely eliminate the government and let all the matters in the country be handled by private sectors.
Other interpretation would be creating a central government but all the decision should be made for the benefit of the majority of people.</span>
yes, Pedro Álvares Cabral was a Portuguese explorer.
