Which of the following is an example of representative money?   Group of answer choices   Gold   Cowry shells   Salt   Tea

Q: In a single year, Germany can raise 100 tons of wheat or produce 1,000 boxes of daisies. In the same...

A: Introduction Germany can raise 100 tons of wheat to produce 1,000 boxes of daises. So Germany can pr...

Q: unit. Each stereo radio cassette sells for P1,200. If the firm makes a profit of 10% on its 10,000 s...

A: A dividend is the dissemination of corporate benefits to qualified investors. Dividend installments ...

Q: ) Suppose that we have the following data for Amazon operations in the US: Sales Cost of Goods $469....

A:

Q: 5. Why do countries' governments impose commercial policies on international trade? Give one exampl...

A: The commercial policy implies the arrangement which is pronounced by the public authority to control...

Q: What actions does economic theory suggest to help alleviate the tragedy of the commons? What are som...

A: The tragedy of the commons is an economic situation in which everyone has an incentive to consume a ...

Q: Suppose that the economy is characterized by the following behavioral equations: C= 150 +0.90YD J= 1...

A: Here, given information is: C=150+0.90YD I=130 G=150 T=90 Using the given information, one can cal...

Q: Why does exchange rates change.

A: Foreign exchange rates are determined by supply and demand. Increased demand for British goods, for ...

Q: Which of the following models, if any, rests on the assumption of competitive factor markets? ...

A: Competitive factor markets It's a structure or system in which the product and factor markets are co...

Q: (i). Write an equation for the manufacturer’s profit as a function of the number of tablets produced...

A: The correct answer is given in the second step .

Q: (Figure: The Market for Apple Computers in the United States) Use Figure: The Market for Apple Compu...

A: Consumer surplus is the difference between the consumer‘s willingness to pay and the actual price of...

Q: Brenda wants to buy a new car and has a budget of $24,000. She has just found a magazine that assign...

A: a) The budget line would be given as PX*X+PY*Y= M Given the price of car increases by $4000 when one...

Q: All of the following have been used in the past as commodity money EXCEPT: O a. Salt. O b. Gold. Oc....

A: Correct option :- d. Water. Commodity money :- Whose value comes from a commodity of which it is mad...

Q: In international relations Forgiving strategies are Group of answer choices (pick one) a.bad for coo...

A: International relations is the study of the interaction of states with each other and with internati...

Q: The figure on the right displays a simplified consumption function. Which of the following expressio...

A: The consumption function shows the relationship between income and consumption in the economy. It is...

Q: The demand and supply for a whole pizza in Mr Hot’s Market are given by the equations, Qd = 6,300 – ...

A:  here given that, The demand and supply for a whole pizza in Mr. Hot’s Market are given by the equat...

Q: Assume that the marginal cost of production is less than the average variable cost. Can you determin...

A: Average Variable Cost refers to the variable cost per unit of output. It can be calculated by dividi...

Q: Using the table below indicate which firm has (i) diseconomies of scale and (ii) constant returns to...

A: Increasing Return to Scale: An increase in the output is proportionally higher than the increase in ...

Q: Find the present value of $750 to be paid four years from now when the prevailing interest rate is 1...

A: Amount = $750 Interest rate = 10% ( Compounder annually ) Tenure = 4 years in  

Q: The economy does not grow once it reaches a steady state. This result is based on the assumption tha...

A: When talking about the steady state of an economy, it is considered as the point with highest output...

Q: Discuss divergent views on population growth

A: When some product or a particular is manufactured, cost  takes place and process of business follow ...

Q: Why are environmental regulations sometimes considered to be unfair barriers to trade?

A: Trade barriers refer to the restrictions imposed by the governments of various countries on the inte...

Q: Give three (3) reasons that support that EXIM (Export-Import) Banks contributes to the increased Int...

A: Exim Banks are government or semi-government organizations that ensure the protection and progress o...

Q: Determine the present worth of a geometric gradient series with a cash flow of Php 50,000 in year 1 ...

A: Cash flow in 1st year (A) = 50000Increases each year by (g) = 6% or 0.06Interest rate (i) = 10% or 0...

Q: True or flase questions. Need asap. I put the answers I got for each one.  1.The price level is mea...

A: Here, the given three statements gives information about the nature and behavior of market price ove...

Q: Chinese economic growth is the outstanding feature of the world economic scene over the past two dec...

A: Introduction In 2018 US economy has $ 20.5 trillion and the economy grows at annual rate of 2.2% per...

Q: 1. Suppose all firms in a monopolistically competitive industry were merged into one large firm. Wou...

A: Monopolistic competition Monopolistic competition basically refers to a market condition in which a ...

Q: What does "Global poverty is a harm inflicted by the global economy" mean?

A: Economic growth is the principle channel through which globalization can affect poverty. Any Global ...

Q: Which of the following is NOT TRUE about security/bond valuation? * a. The valuation concept is onl...

A: The answer is - d. None of the choices.

Q: In the labour market, suppose one-half of the labour supply has high skills and the other half has l...

A: Answer: Given, Fraction of workers who are skilled=12=0.5New demand for labor:W=80-30FLet us substit...

Q: The Filthy Chemical Company dumps 100 tons of pollutants every year in the Pristine Lake. The Trout ...

A: Total amount of waste dump in the lake = 100 tons  Constant average cost for cleaning the pollutants...

Q: (REAL-WORLD APPLICATION) We practice this because it is a very valuable skill to be able to summariz...

A: Introduction Mob and Rob are two players. They both selling products in the market and both of them ...

Q: Question 6 Deadweight loss from a tax results in: Weight loss from a recession. Loss of producer sur...

A: The deadweight loss is created when market forces do not work efficiently and there is either underp...

Q: Think of one environmental problem that you would like to see solved. From what you’ve learned about...

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: Given that Africa had diverse political, institutions, system and ethnicities with cultural and poli...

A: Kwame Nkrumah was born in 1909 and died on April 27, 1972. He was a nationalist Ghanaian leader who ...

Q: uppose that K(2021)/N < K(2015)/N, where K(2021) is capital in year 2021 and K(2015) is capital in y...

A: Labor is an input that produces goods and services by converting the inputs into output. It means th...

Q: Describe the concept of demographic transition

A: Demographic Transition takes into account two characteristics of demographics i.e. Birth rates and d...

Q: 2. What is the future equivalent of Php400000 invested at 3% simple interest per year for 514 years?

A: Introduction Principal amount = php 400000 Interest rate = 3% = 3/100 = 0.03 Time period = 514 = 5.2...

Q: If the depreciation rate increases from 5% to 10%, it will ___ in the long run. decrease the level ...

A: A decrease the level of output Due to the decrease in the depreciation rate it would likely be an im...

Q: Global outsourcing, is it good? because US business can take an advantage of cheaper foreign labors ...

A: Global outsourcing enables businesses to find partners in various parts of the world to carry out so...

Q: Joon's Marshallian demand function for good X and Y is given by: X* Suppose that Px=3, a = 0.8, ß = ...

A: "Income elasticity of demand of good X measures the change in demand for good X when income changes....

Q: Explain Simple Loan considering Articles 1953 to 1955 and 1980

A: A simple loan, also known as a simple interest loan, is a loan with a low interest rate. It's a type...

Q: Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence cou...

A: Answer -

Q: On the other hand, opportunity seeking for social enterprise is different with a business enterprise...

A: It's a little redundant to call entrepreneurship "business." Every entrepreneur started a firm, or i...

Q: Given Ooli = 8-2P1+P Qsi=-5+3P1 %3D ed2=16+P-P2 S- -1+ 2P2 Determine Ihe guilibrum price and quantit...

A: At Equilibrium : Qd1=Qs1 8-2P1+P2=-5+3P1 -2P1+P2-3P1=-5-8 -5P1+P2=-13 5P1-P2=13......(1)   Qd2=Qs2 1...

Q: If Y = F(K, N) = 2K + 5N, there are ___ returns to scale. decreasing increasing constant

A: Returns to scale posits the relationship between the input and output in proportionate term. The con...

Q: 67. Consumption Expenditures In Keynesian macroeconomic theory, total consump- tion expenditure on g...

A:

Q: Question 18 If the United States was experiencing a recession, Congress might Increase spending and ...

A: Recession decreases the number of economic activities in the country

Q: In the specific factor model with labour as a mobile factor, introducing trade lowers the...

A: Specific factor model The specific factor model assesses the real-world occurrence of certain produc...

Q: A firm in a perfectly competitive industry is currently producing 1,400 units per day at a total cos...

A: A perfect market, also known as an atomistic market in economics, is defined by several idealising c...