Greece is a very mountainous area, so there wasn't much flat land to crop crops like white and barley that would feed the large herds of animals, so they farmed things like grapes and olives instead.
<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.
Answer:
Assuming you mean ocean ridges, it would be D.
Explanation:
A mid-ocean ridge is formed by seafloor spreading. New ocean crust is formed by magma getting pushed up. The plates move away from each other so the crust would have room to form.
I have attached a picture of the process for visual explanation.
