Any event that reduces the supply of British pounds to be exchanged for U.S dollars should result in an increase in the value of the British pound with respect to the U.S. dollar, other things being equal.
Inflation can be defined as an increase in prices, which can be translated as a decrease in purchasing power over time. The rate of decline in people's purchasing power can be reflected in the increase in the average price of a selected basket of goods and services over a period of time. An increase in price, which is often expressed as a percentage, means that one unit of currency is effectively buying less than it did in the previous period. Inflation can be contrasted with deflation, which occurs when prices fall and people's purchasing power increases.
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Answer:
The decision to give up visiting popular Ouro Preto. (i think! :))
Explanation:
Opportunity cost is the profit lost when one choice is chosen over different. The idea is valuable only as a suggestion to consider all logical choices before making a judgment. If economists regard to the “opportunity cost” of a support, they indicate the importance of the next-highest-valued alternative use of that support.
Answer:
The answer is a. The company is operating in a pure competition.
Explanation:
The other options are incorrect. Decentralisation of power has only a little to do with the geographical location and with the number of employees.
Besides, the employees must be accountable for the responsibilities they take.
However, when the competition is severe, decentralisation is useful as it motivates people and increase the creativity and the decision making capacity of the individuals.
Answer:
New technology allows firms to produce at a lower cost. As a result, as firms adopt a new technology, their cost curves shift downward. Market supply increases, and the market supply curve shifts rightward. With a given demand, the quantity produced increases and the price falls.