- If a currency is free-floating, its exchange rate is allowed to vary against that of other currencies and is determined by the market forces of supply and demand. Exchange rates for such currencies are likely to change almost constantly as quoted on financial markets, mainly by banks, around the world.
To set it, it's mostly the exchange rates will be set on an open foreign exchange market.
the formula for water is H2O. the H is hydrogen and the O is oxygen.
Answer:
Comparative advantage helps to explain why Mexico now imports and exports cars.
Explanation:
At one time in Mexico, the economic model that was applied in the 1950s and 1960s for example was import substitution. Mexican factories tried to produce most of the products that were used or consumed locally so that they wouldn't have to rely on imports. However, now most countries in Latin American ascribe to notions of free trade and using their comparative advantage. Mexico is now producing more high-end cars for global car manufacturers like Volkswagen, which they export, and imports low-end cars that are more accessible to the general population in Mexico because they are produced at lower cost elsewhere.
Answer:
Actually, people of Nepal go to different countries of the world for jobs and earning. It uplifts the life standard of the people and has become an important source of earning foreign currency. Due to lack of job opportunity, many Nepalese youths are compelled to go to various countries of the world in search jobs.
Explanation:
Answer:
Initiative versus guilt.
Explanation:
Erik Erikson explained the complex nature of human psychological development in his eight stages of psychological development. Initiative versus guilt is the third stage among them and it started around the age of 3 to 5 and children at this stage try to understand the world around them through active participation and therefore working independently. Encouragement at this stage leads to initiate a behavior however an embarrassing situation can lead to feeling of guilt.