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mash [69]
3 years ago
11

If a couple plans to stay at a hotel for a week on the beaches of tulum, mexico, and it costs 7,000 pesos, _____.

Business
1 answer:
alina1380 [7]3 years ago
4 0
<span>with an exchange rate of 11 pesos per dollar, the hotel stay will cost $636.36</span>
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The Solow model predicts that, over time, real GDP in developing economies could potentially converge to the same level of real
LekaFEV [45]

Answer: c. Over time, developing economies become richer, and developed economies become poorer, until they reach the same level of wealth.

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The Solow model which is a neoclassical framework focuses on long term Economics and does indeed speak to the convergence of the Real GDPs of Developed Countries with that of Developing countries.

However, of all the options listed, Option C goes against the model because convergence cannot happen if the Developed Countries keep getting richer while Developing countries keep getting poorer. Should that happen, they will never get to the same level of wealth and indeed might end up on opposite sides of the wealth spectrum with Developed Countries being extremely wealthy and Developing countries being extremely poor.

For convergence to happen, the conditions in A, B and D are preferable as they can indeed bring about the said convergence.

7 0
4 years ago
A no-frills account often has no fees.<br> A. True<br> B. False
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False.

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in addition to the service charges applicable to the no frills account was substantially lower than that of the regular savings accounts as a result the zero balance requirement that most banks offered,the account became commonly known as ZERO BALANCE ACCOUNT.

3 0
3 years ago
Which one of the following is an unintended result of the Sarbanes-Oxley Act? Multiple Choice More detailed and accurate financi
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Increased responsibility for corporate officers

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3 years ago
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