Answer:
The exchange rate should be approximately <u>0.340364</u> dollars per peso.
Explanation:
Spot rate = 1 Argentina Peso = $0.3600
Inflation in Argentina = 10 %
U.S. inflation = 4 %
Hence Expected rate =
1Peso (1.10) = $0.3600(1.04)
Hence
1 Peso = $0.3600(1.04) / 1.10
1 Peso = 0.340364
Answer:
Option (B) is correct.
Explanation:
Given that smartphones are a normal good and income of the individuals increases because of economic boom. We know that there is a direct relationship between the income of an individual and demand for normal goods.
Increase in the income level of the individuals will result in higher demand for smartphones. This will shift the demand curve of smartphones rightwards.
Simultaneously, the wages of sales representatives who work for cell phone companies also increases. This will increase the cost of production for the firms and shifts the supply curve of smartphones leftwards.
Hence, the equilibrium price of smartphones increases but the effect on equilibrium quantity is indeterminate because its effect will be depend upon the magnitude of the shift of supply and demand curve.
Answer:
Express, bilateral contract
Explanation:
An express contract is one in which the terms are explicitly spelt out to both parties. These terms are spelt out in its entirety and its usually in an oral form as opposed to the conventional written form. An express contract can be call a special contract.
A bilateral contract is one in which both parties agree to carry out their side of the contract.
In the above question, Maria and Todd had an oral agreement rather than a written one which signifies an express contract. While also both maria and Todd agreed to shovel the snow and pay $25 respectively and both of them help up their end of the contract.
<h3>Answer:</h3><h2>(C) Market Research</h2><h3>Explanation:</h3>
Market research is the method of getting information about your market. Preferably, this is precise information about your target market and the key determinants that control their buying decisions. Market research can be irregular and limited in scope and, although it may not be “statistically significant” research, it can still be helpful.
Answer:
True
Explanation:
Contracts should be in writing because this guarantees that all the terms of the agreement are documented and the responsabilities of each party are stated. Also, contracts that involve the sale of goods with a value higher than $500 have to be in writing to be enforceable. So, according to this and considering that the total cost of the lighting is $5,000, it is true that the contract needs to be in writing.
