The correct answer is Caucus. Political party caucuses was the dominant system for choosing candidates in the presidential nominating process. They are open to any registered voter in a party, although experts say the process is dominated by party activists. Caucuses are party meetings by district, or county, where party members gather to discuss the candidates and to select delegates to the next round of party conventions. Delegates selected at a caucus might go on to a county or state convention before attending the national convention in the summer. This process of gathering and talking distinguishes caucuses from primaries.
The United States sent Matthew Perry and seven warships to Japan to sign the Convention of Kanagawa, the treaty allowing trade between the United States and Japan.
A). the lack of investment in human capital
<u>The correct answers are the following:</u>
- showing the relative strength of different nations’ currencies.
- examining spending patterns across nations and continents.
The exchange rate provides the amount of one currency that has to be provided (price) in order to obtain one unit of a different currency.
Exchange rates are mostly fixed by the forces of supply and demand, hence, depending on consumer needs and preferences and of their relative abudance or scarcity. Threfore, <u>the final exchange rate (price) reached in the market shows the strength of a currency against a foreign one. </u>
Moreover, demand and supply of currencies arise due to international commercial activities that require traders to exchange their money into a different currencies if they want to purchase/sell abroad. Therefore, <u>exchange rates (prices) reached are also dependent on spending patterns in the different countries, </u>more specifically on the streams of exports and imports.
