What determines the foreign exchange rate?
A. The government
B. Small businesses
C. Market forces
D. Consumers
The answer is A the government
Answer:
Switching cost
Explanation:
Switching cost is defined as the cost that is incurred in the course of changing from one supplier to another.Switching cost can be in monetary terms like compensation and termination fees and also in non monetary terms like time , effort and psychological stress.
In the given scenario , the defined activities of Right foods and the intention of Ralph clearly point out the process of potential switch of suppliers , even as the potential switching cost of $0.5 million for termination and $100,000 for replacing of software and retraining of staff are apparent.
Answer:
6.78%
Explanation:
Data provided in the question:
Total return i.e nominal rate = 15% = 0.15
Real return = 7.7% = 0.077
Now,
Inflation rate =
- 1
on substituting the respective values, we get
Inflation rate =
- 1
or
Inflation rate = [ 1.15 ÷ 1.077 ] - 1
or
Inflation rate = 0.0678
or
Inflation rate = 0.0678 × 100% = 6.78%
If a decrease in income leads to an increase in the demand for sardines then sardines are an<u> inferior good.</u>
What is demand?
Demand can be defined as the amount of goods consumer are ready and willing to buy at a particular period of time.
On the other hand an inferior good occur when a product that is highly in demand begin to fall or drop because the people does not demand for the product again and this can happen when income rises.
Therefore If a decrease in income leads to an increase in the demand for sardines then sardines are an<u> inferior good.</u>
Learn more about demand here:brainly.com/question/1245771
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