Hello there!
Answer:
Your answer is C). the dollar buys more pesos. Your hotel room in Mexico will require fewer dollars
Explanation:
The reason why answer choice "C" would be the correct answer is because American currency, USD, would get you a lot of pesos.
Lets give you the exact amount of exchange rate:
1 USD (U.S DOLLAR) = 18.98 PESO
You can see how much 1 U.S dollar could get you in the Mexican currency.
What this means is that the U.S dollar buys more pesos, in which is correct in answer choice "C" Since you could buy more pesos with the U.S dollar, you would only need to use fewer dollars because the exchange rate is so high. The U.S dollar would get you more money in Mexico. This is the reason why answer choice "C" would be correct.
Answer:
If an economist argues that everyone gains from trade, the following reasoning is most likely underlying her argument:
- Production according to the principle of comparative advantage lowers overall costs and therefore allows both countries to have a higher standard of living.
Explanation:
- The comparative advantage refer to the situation in which an individual, company or a country offers its services and products at a lower rate as compared to its competitor. This leads to trade-off as you have to comprise for the gain of something.
- This comparative advantage also increase the dependencies of nations or companies on each other.
- For example, England and Portugal has benefited from this comparative advantage concept as England get the wine at lower cost from Portugal and Portugal also get earning by selling this wine to England.
Answer:
The correct answer is The fundamental attribution error.
Explanation:
The Fundamental Attribution Error (EFA) is a phenomenon that occurs when we try to explain our own behavior with respect to that of others. Many times we find it hard to understand why a person acts as he acts. And we do not stop to look for the reasons that are the basis of their behavior.
A very clear example is to suspend an exam. If you have to explain to someone why you have suspended the exam, you probably mean that it was very difficult, that you had not rested, did not have time to study or even that the teacher suspended you.
Now imagine that it is another person who suspends and you have approved. Surely if you have to explain why you have suspended you will explain that it is a bit vague, that you have not studied enough and even that you were not interested in approving.
<span>Buyer normally pays the transportation costs</span>
Frank is involved in planning if he researches the people that have wheat allergies and devises a way to cater to the people.
<h3>What is planning in business?</h3>
These are the strategies that are used in business where the manager would set objectives and goals for the company and then devise the ways that they would reach the goals they have set.
This is what Frank is doing here by setting up strategies to help cater for the individuals.
Read more on planning here:brainly.com/question/2486491
