<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.
The Columbian Exchange was the arrival European people, plants, animals, and diseases in the Americas. It happened when Columbus and subsequent explorers arrived in North and South America.
So, which of these options is the most similar? It's not A, the migration to the Americas of Europeans seeking wealth and opportunity. That came much later. B, the movement of Native Americans to Europe after Columbus's voyage is also incorrect: they had no wish to move from their native lands. C, the disastrous introduction of unknown species to European ecosystems, isn't right either. Not many new species reached Europe, and they had little effect there. The transfer of plants, animals, people, and diseases between hemispheres, D, however, is correct! (Keep in mind that the Americas were in one hemisphere, and Europe is in the other.)
Answer: D
Because consumers behave in a rationally self-interested manner, the consumer will purchase a good or service when the marginal benefit is greater than or equal to the marginal cost.
<h3>
When you make a choice in your self-interest?</h3>
- Congestion: A commuter driving to work has no incentive to consider the cost of his actions on other drivers in the form of increased traffic congestion.
- The well-being of society For instance, there are several potential solutions to traffic congestion
- Individual driver gasoline sales are taxed.
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