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3 years ago

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.

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3 years ago

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Group of answer choices

A. less efficient than

B. as efficient as

C. either more or less depending on the elasticity of demand

D. more efficient than

Answer:

Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.

<h3>Correcting a market with taxation:</h3>

The government can discourage the consumption of harmful products by raising taxes on them.
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<h3>Command and control strategies:</h3>

Command and control is a sort of environmental regulation that allows policymakers to expressly regulate both the amount and the procedure by which a company should maintain environmental quality.
Correcting marketing is more effective than correcting manufacturing through taxation.

<h3>Reason -</h3>

As it is stated above Correcting marketing is more effective than correcting manufacturing through taxation.

Therefore, Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.

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2 years ago

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1 year ago

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Answer:

a.The marginal (added) benefits of the proposed new robotics.

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d. What should Ken recommend that the company do? Why?

Based only on this analysis, the company should keep the old robotics. The new robotics are too expensive and do not generate enough benefits.

e. What factors besides the costs and benefits should be considered before the final decision is made?

increases in efficiency and reductions in manufacturing time.

Explanation:

Marginal cost benefit analysis refers to analyzing the additional benefits of a new project or activity compared to the benefits generated by an alternative project or activity.

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revenue (in $446,000 $568,000 $122,000

today's $)

required invest. $0 -$227,200 -$227,200

old robotics $0 $73,000 $73,000

<u>sales value </u>

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3 years ago

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

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