Answer: pegged exchange rate
Explanation:
A pegged exchange rate also referred to as the fixed exchange rate, sometimes is an exchange rate regime type whereby the value of a currency is fixed by the monetary authority of a particular country against the value of the currency of another country.
This is the type of exchange rate used by the Chinese government in the question above.
Answer:
True
Explanation:
That is true for any product but luxury products.
Answer:
If the units are reworked, income will increase by $5,800.
Explanation:
Giving the following information:
Number of units= 1,000
Sell as-is= $4.3
Rework cost= $2.8
Selling price= $12.9
<u>Because the original cost will remain constant in both options, we will not take them into account.</u>
Sell as-is:
Effect on income= 1,000*4.3= $4,300
Rework:
Effect on income= 1,000*(12.9 - 2.8)
Effect on income= $10,100
If the units are reworked, income will increase by $5,800.
Answer:
D)increase because the internet offers more substitutes
Explanation:
From the question we are are informed about a situation where there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. In the case that more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will increase because the internet offers more substitutes.price elasticity of demand which is the degree to which there is a change in amount of quantity that is been demanded as a result in the change in price, so on this case as the Green Acres use the internet to shop for clothes the price elasticity of demand for shirts at the Green Acres store will increase and this is as a result of the substitute that is been provided by the internet.
Note that substitute in business means that both the shop online and the clothing stores in the village are offering same purpose. They are substitute.