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erica [24]
3 years ago
13

Nicaragua bases the valuation of its currency on the U.S. dollar. The value of Nicaragua's currency is changed based on the chan

ges in the value of the dollar. This is an example of a ________ exchange rate system.
Business
1 answer:
Sedaia [141]3 years ago
7 0

Answer:

The floating exchange system

Explanation:

The floating exchange rate is a system where the Forex market determines the currency price of a country relative to other currencies. The forces of demand and supply drive the prices.

In the floating exchange system,  governments do not directly fix their exchange rates as they do in the fixed-exchange-rate. However, through central banks' monetary policies, governments try to keep their currency prices competitive for international trade.

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Durable goods and non-durable goods comprise approximately ________ of the supply side of the gdp.
kati45 [8]
<span>Durable goods and non-durable goods comprise approximately 45% of the supply side of the GDP. If the government reduces the taxes o the companies and the industries then their production will likely increase and which may will lead to the reduce in the price level s when it reaches the consumers, this is called the supply side economics.</span>
7 0
3 years ago
the republic of south africa exports edible fruits and nuts into the common market known as the european union, and imports from
Leno4ka [110]

The republic of south Africa exports edible fruits and nuts into the common market known as the European union, and imports from the European union other products which south Africa could produce but at a higher cost than what it costs the Europeans to produce. this practice follows the theory of comparative advantage.

Comparative gain is an economic system's potential to supply a specific proper or provider at a reduced possibility rate than its buying and selling partners. Comparative benefit is used to provide an reason for why organizations, countries, or people can benefit from trade.

For instance, if a country is skilled at making each cheese and chocolate, they will decide how much tough work is going into producing each right. If it takes one hour of exertions to produce 10 devices of cheese and one in each of of tough paintings to deliver 20 devices of chocolate, then this united states has a comparative benefit in making chocolate.

Comparative advantage, monetary precept, first developed via 19th-century British economist David Ricardo, that attributed the reason and advantages of global alternate to the variations within the relative possibility costs (prices in phrases of other objects given up) of producing the same commodities amongst global locations.

Learn more about Comparative advantage here: brainly.com/question/15361275

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5 0
1 year ago
If aggregate supply is vertical, then which of the following statements must be true?
never [62]

Answer: A. Aggregate demand does not affect the quantity of output.

Explanation: Aggregate supply curve is perfectly vertical in a long run, Economist believed that the changes in aggregate demand only caused a temporal change in an economy output

Aggregate supply in a short run, the quantity supplies increase as price rise.

Aggregate demand does not affect the quantity of output If the aggregate supply is vertical.

6 0
3 years ago
Assume that a hypothetical economy with an MPC of 0.75 is experiencing severe recession. Instructions: In part a, round your ans
puteri [66]

Answer:

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I was able to convince them to show you how they did it on a free training event this week.

They’re sharing this for the first time and will show you how to turn your spare time into a $100,000.00 online side business.  

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Explanation:

3 0
4 years ago
The _______ was a foreign policy embarrassment for the United States during the Kennedy Administration. 
mrs_skeptik [129]
The Bay of Pigs Invasion was a foreign policy embarrassment for the Kennedy Administration.
When John Kennedy assumed the presidency after Dwight Eisenhower, he was faced with the pressure to act on Cuban dictator Fidel Castro's growing relationship with the Soviet Union (yet another of US' formidable enemies).
His senior advisers urged him to authorize the attack on Cuba and initiate a movement to overthrow Fidel Castro. This played on Kennedy's foreign principle which is for Democratic countries such the US to show a strong force against dictatorships like Castro's. In April 1961, the invasion at the Bay of Pigs failed extremely. Castro was quick to mobilize his militia to counter Kennedy's botched plan. Aside from this, Kennedy made some worst decisions that nailed the coffin shut. Thus the Kennedy Administration suffered a lot of damage due to this failure. 

3 0
3 years ago
Read 2 more answers
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