The system described above refers to the Fixed Exchange Rate System.
<h3>What is the fixed exchange rate system?</h3>
The fixed exchange rate system is a term that refers to the exchange regime of a monetary unit whose value is adjusted according to the value of another reference currency such as the Dollar or the Euro.
According to the above, the currencies of different countries gain or lose value according to their change with respect to the reference currencies.
This system has become widespread in the world with the aim of facilitating trade and investment between countries with the reference currencies.
Learn more about currency in: brainly.com/question/13684639
Each firm in the monopolistic competitive industry produces a slightly differentiated product.
The monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.
The characteristics of the monopolistically competitive market includes:
- presence of many sellers in the market
- easy entrance and exit of consumers in the market
- differentiated products in the market.
Therefore, the Option D is correct because each firm in the monopolistic competitive industry produces a slightly differentiated product.
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Answer:
Collectivism
Explanation:
In China is found a highly collectivist culture where individual members of the society act in the interest of the groups and not to satisfy their own personal interests. The unity established by this culture helps them collaborate effectively in large –scale projects and contribute their best towards attaining a better outcome.
The collectivism practiced in china is different from what is seen in most western parts of the world where individuals, rather than groups, are at the center of activities.
<span>D. None of these answers is correct. The industrial work that is done in the factory is of quality there should not be any problem. The manual work of expert artisans must also be quality work and therefore, in none of the cases should the work be of less quality. Social status does not matter because it is a comparison in the realization and quality of work not in social aspects of workers.</span>
