True. This is because the minimum wage could be $8.50 somewhere and another place $11.50.
Answer:
a depreciation of the dollar that leads to greater net exports.
Explanation:
The interest rate is considered "the price of money". When the interest rate is high, more dollar is demanded and appreciated, as economic agents can make a greater profit from buying US bonds (which pay interest-rate). Thus, the dollar becomes more expensive. compared to other currencies. Conversely, when the interest rate decreases, the dollar tends to depreciate against other currencies.
Exports, in turn, are associated with the value between currencies. When the dollar depreciates, it means that more dollars can be bought with the same amount of foreign currency. In terms of trade, this stimulates exports, as dollar depreciation makes American products cheaper for other countries. Consequently, the competitiveness of the American economy increases as a whole.
For example, imagine a foreign company that buys US smartphones. If the rate is 1: 1, ie 1 foreign currency unit buys 1 dollar. Now imagine the Federal Reserve lowering the interest rate by depreciating the dollar so that the new exchange rate is 1: 1.20, ie 1 foreign currency buys $ 1.20. For the foreign company it was cheaper to buy American smartphones, as the dollar depreciated against its currency. In contrast, for the US to buy (import) goods from another country is more expensive. Since the net trade balance is the difference between exports and imports, the economy tends to have a higher net export balance.
The correct answer to this open question is the following.
Unfortunately, you did not include the text. Without the text, we do not know what you are talking about.
However, we did deep research to help you and can comment on the following.
If you are talking about the Declaration of Independence of the United States, then, the social contract that the government gets its power from the people is mentioned in the following excerpt: <em>"That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..."</em>
Enlightenment thinker Thomas Hobbes was one of the thinkers that talked about the social contract.
Other Enlightenment philosophers such as John Locke also wrote about popular sovereignty.
Baron of Montesquious and Jean-Jaques Rosseau were other thinkers that proposed interesting ideas about the form of governments and people's rights, that influenced further independence movements and revolutions.
Answer:
<em>All galaxies contain groups of stars and other material held together by gravity.</em>
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