Examlex
An exchange rate crisis is when:
Fixed Cost
Expenses that do not change with changes in the volume of production, such as rent, salaries, and insurance.
Depreciation of Capital
This refers to the decrease in the value of physical assets over time due to use, wear and tear, or obsolescence.
Wages Paid
The amount of money workers receive from employers in exchange for their labor.
Sunk Costs
Sunk costs are past expenditures that have already been incurred and cannot be recovered, and thus should not impact future decision-making.
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