1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allisa [31]
3 years ago
13

How can exchange rates change to reduce the wage differential between countries​

Business
1 answer:
andrey2020 [161]3 years ago
4 0

Answer:

The exchange rate is the value for which one currency can be exchanged for another. Thus, for example, 20 Mexican pesos are needed to acquire an American dollar.

Technically, it could happen that a country changes its exchange rate with respect to a hard currency (such as the Dollar or the Euro) through fixed exchange rates, in order to increase the value of the salaries of its citizens, measured in international currencies. For example, if the Mexican government fixed a parity between the dollar and the peso of value 1 to 1, the minimum wage of Mexicans would go from being worth $ 215 to multiplying by 20, that is, to $ 4,300.

Now, in practice, this situation is practically impossible, since it would imply a monetary modification in the country that makes the adjustment, since otherwise it would imply an unprecedented inflationary peak.

You might be interested in
in which of the following scenarios will you be entitled to pay the least amount of money out of pocket for a medical expenses
Elis [28]
The scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense is that you  have health insurance with a $500 deductible. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.
5 0
3 years ago
Read 2 more answers
BlendIn, Inc. makes protective covers for small kitchen appliances. The firm currently produces six models, each of which is red
Softa [21]

Answer:

Activity-based costing system using multiple basis for allocation

Explanation:

Activity - based costing -

It is a costing method which allocates the indirect and overhead costs for the goods and services , is known as Activity - based costing .

This method helps to determine the relationship between the overhead activities and cost , and the products manufactured , via allocating the indirect costs to the product less randomly than the normal costing method .

hence , from the question information ,

The type of overhead costing system most appropriate for the Blendln is Activity-based costing system using multiple basis for allocation .

7 0
3 years ago
You are thinking about buying a piece of art that costs $ 20 comma 000. The art dealer is proposing the following​ deal: He will
Irina-Kira [14]

Answer:

Explanation:

This is an annuity question. You can solve this using a financial calculator with the following inputs;

Present value ; PV = -20,000

Duration; N = 15 payments

2 year interest rate; I = [(1.07)^2 ] -1 = 14.49%

One-time future cashflow; FV = 0

Then compute recurring payment ; CPT PMT = $3,336.28

Therefore, you'll pay $3,336.28 every 2 years

3 0
3 years ago
Would you hire yourself? Why yes, or no? What are some things you need to improve? Do you perceive yourself the way others perce
Vesna [10]

Answer:

I would hire myself because my mom is a virgin but the sheets are still cold so the mayonaise is probably adopted but thank you I have a cat

7 0
3 years ago
A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
nlexa [21]

Answer:

The correct option is D

Explanation:

Monopolistic competition is the market which characterizes or classify the industry, in which most of the businesses offer or provide the services or the products that are similar, but are not perfect substitutes.

In monopolistic competition, for the industry to exit as well as entry have barriers low and the single firm or business decisions, will not affect those of its competitors.

So, in this scenario, the jewelry store is in a situation where the store faces the most like monopolistic competition.

8 0
3 years ago
Other questions:
  • ________ groups are assigned by organizations or managers, while ________ groups form when members' purpose of getting together
    15·1 answer
  • When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates
    14·1 answer
  • Which of the following is NOT one of the characteristics of reward and incentive systems? They represent an effective control me
    11·1 answer
  • Robert White will receive cash flows of $4,450, $4,775, and $5,125from his investment. If he can earn 7 percent on any investmen
    6·1 answer
  • Sales revenues are usually considered earned when an order is received. cash is received from credit sales. adjusting entries ar
    12·1 answer
  • Which of the following listings correctly describes the order in which the four types of budgets must be prepared?
    14·1 answer
  • Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700.
    11·1 answer
  • All the airlines that fly to the island country of Klerwada distribute tourist information pamphlets in their flights. These pam
    6·1 answer
  • The daily interest multiplier for a savings account paying 2% annual interest for 180 days
    10·1 answer
  • Deflation is a period where supply for most products is less than demand.
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!