Economics terminology

A fixed rate is a rate the government or in most cases the central bank sets and maintains as the official exchange rate. A set price will be determined against a major world currency. The most common currency countries usually fix to is the U.S. dollar. The local exchange rate is maintain by the central bank buys and sells its own currency on the foreign exchange market in return for the currency to which it is pegged. According to Xu unlike the fixed rate, a floating exchange rate is…

Marcel Duchamp | Fountain “All in all, the creative act is not performed by the artist alone; the spectator brings the work in contact with the external world by deciphering and interpreting its inner qualification ..” Do you know, which artist could have said this? That was a citation of Marcel Duchamp, one of the most important artists of the 20th century. In the next few minutes I will give you some informations about the person, who said this quite interesting words. Duchamp‘s life…

With all of the commercials on television for new releases, new consoles being developed every couple of years, and even competition gaming it seems that this industry is going to continue to climb. Since GameStop specializes in this industry and no other, I would consider it a safe investment even without doing any research on the company. GameStop is a small retailer that specializes in video game hardware and software. The company also runs Kongregate, which is an online browser based game…

The new President continued to try to initiate joint construction of the St. Lawrence Seaway that had been promoted by previous administrations with the Canadians. Another of the initiatives that Eisenhower took was the "New Look" defense program. In this program the budget of the United States Army would be cut back. The funds that were cut would be given to the Air Force and to the Navy to be spent on developing a larger nuclear arsenal and air power to deliver the weapons. This plan was…

information from the BBC website. Information from government websites was treated with caution as figures may have been represented differently depending on the scenario of the country, making some results potentially un-reliable. Economic Development Strong economic development allows for efficient responses as shown in Figure 1. Well run governments and investment in pre hazard responses e.g education for the country’s population are positive actions for coping with…

never supposed to be a number for identification. Just the same, GDP is being used for a purpose other than what it was designed for. It was not to be an indicator of economic welfare but that is how it is used today, not only in the US but in countries around the globe. At first glance it may seem like a good way to sum up the economic welfare of a country, but upon digging a little deeper some problems are uncovered.…

prices of such inputs through devaluation, would raise industrial costs and reduce the intensity of capacity utilisation. Therefore, it should be avoided as a resort to deficit financing. Devaluation with its implications will cause a contraction in economic activity and consequently slide in income tax receipts will raise the burden of Bangladesh's foreign debt overnight. It cannot stop smuggling as long as black-market transactions in foreign exchange continue. Devaluing Bangladesh Taka…

China division can skip international division to report directly to headquarters, which make the division have strong autonomy with localization. Decentralization helps local managers of Haagen-Dazs China gain effective local knowledge making accurate and sensible decisions. Regarding the horizontal differentiation, since Haagen-Dazs focus on promotion of the product, which means its degree of diversification is relative low and with the fact that it calls for a high degree of local…

| | |The U.S. Macroeconomy State. | | | |…

deficits are important because deficits A) cause bank failures. B) always cause interest rates to fall. C) can result in higher rates of monetary growth. D) always cause prices to fall. Answer: C Ques Status: Previous Edition 25) What happens to economic growth and unemployment during a business cycle recession? What is the relationship between the money growth rate and a business cycle recession? Answer: During a recession, output declines and unemployment increases. Prior to every…