Its ability to report information to the public easily and can be seen by many almost immedialtly
<span>this theory is referred to as: Transformation
In choosing an economic system, transformation refers to creating an adjustment to an existing economic system, by taking the positive aspects of other existing economic system.
For example, a communist country that choose to give more freedom to the private sector in order to attract economic growth</span>
In 1942, Christopher Columbus landed in the Caribbean, unlocking what Europeans quickly came to call the “New World”. Columbus “found” a land with around two million inhabitants. He thought he had found a new route to the East, so he mistakenly called these people “Indians”.
The correct answer would be option C, Exchange Rate.
When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The Exchange rate is the rate at which the currency of one area or country can be exchanged for the currency of another’s.
Explanation:
When one currency of a country is exchanged with the currency of another country, the rate at which the currencies are exchanged is called as the exchange rate.
For example while planning a trip to Europe from America, the couple have US dollars which they need to exchange in Euros to be able to use the currency in Europe.
Roughly, a Euro is equivalent to 1.08 US Dollars, as of today. So this 1.08 dollars will be the exchange rate for US dollars to Euro.
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