Price of one country's currency expressed in terms of another country's currency.
Exchange rates can be either fixed or floating and are used to describe how much one type of money is worth in another country.
Answer:
Trade can have substantial effects on a country's distribution of income
Explanation:
The Ricardian model is considered the basic and simplest international trade equilibrium model that is learned. When trades occur between countries, the Ricardian model is used to explain everything about the trade.
The Ricardian model has some assumptions. They are; (1) trade involves only two countries, (2) they produce two goods, (3) only one input is required in production, (4) in each country, the opportunity cost is constant on goods, (5) transaction or transportation cost are non-existent.
The Ricardian model benefits the two countries involved, however, to effectively utilize the distribution of income within the country, restrictions on the imports of some goods must be put in place. Therefore, trade can affect the country's distribution of income.
The last recession changed the way many companies offer support to people and communities in need. Many companies <span>decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects.</span>
<span>When the pizzeria makes 100 pizzas per day, it earns an economic incentive of 10% of sales from corporate. This is be cause corporate knows general advertising can only do so much. Local franchises need to take up some of the slack, post their own signs, and do some the legwork to get people in the door. If they can get at least 100 pizzas sold per day it's an obvious sign to corporate thay they must be putting in the extra effort. Extra effort means more money for corporate so they provide extra incentive to motivate the masses :)</span>
Companies that manufacture identical items through a series of uniform production steps use to determine the cost per unit produced a process costing system.- b)