Social studies

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Exchange rates are determined by _____________.
a. the presence or absence of trade barriers.

b. banks, labor unions, and non-profit organizations.
c. the relative scarcity of a good or service.
d. market prices of one country's currency in another country's currency (?)

A small town has one pizza place. It charges $15 for a large one-topping pizza. One spring, a new pizza place opens. The original pizza place changes its price. What is most likely the new price?

a. $12 (?)
b. $16
c. $18
d. $20

  • Social studies -

    Yes. Both of your answers are right.

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