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Slav-nsk [51]
2 years ago
13

the for a particular unit of money is established and accepted within an economic community at a specific time.

Business
1 answer:
astraxan [27]2 years ago
3 0

The standard of value for a particular unit of money is established and accepted within an economic community at a specific time. Thus, option B is the correct answer.

<h3>What is economic?</h3>

Economics can be defined as the part where the economy is there when the product is being brought and sold in the market.

The standard of value can be defined as the fact in which the country is having a rate of exchange and the price is thereupon predefined. These prices are fixed in the economy for a particular time period, in which transactions like imports and export happen in the market. Therefore, option B is the correct option.

Learn more about economics, here:

brainly.com/question/14787713

#SPJ4

The question is incomplete, the complete question is

The _______________ for a particular unit of money is established and accepted within an economic community at a specific time.

-Medium of exchange

-Standard of value

-Barter

-Store of value

Standard of value

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Alex doesn't care about where he lives, but he does care about what he eats. Alex spends all his money on restaurant meals at ei
Levart [38]

Answer:

Part 1). Yes, Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are lower in Paris than Austin because his capability to buying goods growths so his cash is fundamentally value more locally.

Part 2) No, Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are higher in Paris than Austin because even though he can buying the same components, they will cost extra, and he will consume less goods than living in Austin

5 0
3 years ago
You want to determine whether there is a lemons problem in the market for​ single-engine airplanes. Can you use any of the follo
Andreas93 [3]

Answer:

C. Yes. If repair rates are higher for planes that have been​ resold, this would be an indication of a lemons problem

Explanation:

Lemons problem is an issue of quality of product, asset, investment : due to asymetric information about the respective quality.

Asymetric Information is when one one party in transaction has more knowledge about the quality of product or asset, than the other party.

Second hand goods are an illustration of this case, as seller has more information about the real quality of good or asset than buyer.

Lemon's problem in single engines airplanes : can be analysed by concept of second hand goods 'asymetric information, lemons problem' it. If the 2nd hand resold planes require higher repairs, it indicates that the buyer had asymetric information about bad quality of planes ( the information which seller had), but realisation of bad quality later implies higher repairs.

3 0
3 years ago
Suppose that GDP is $10,000, Consumption is $6,000, and Government spending is $1,500 with a deficit of $200. (Assume net export
Marta_Voda [28]

Answer:

private saving = $2700

Explanation:

given data

GDP = $10,000

Consumption = $6,000

Government spending = $1,500

deficit = $200

solution

we know here equation of GDP that is express as

GDP = Consumption + investment + Government spending   ...................1

we consider here tax revenue that is = T

T - Government spending = - deficit

T = Government spending - deficit

T = $1500 - $200

T = $1300

so we can say from equation 1

( GDP - Consumption - T ) + ( T - Government spending ) = investment

and investment = private saving + public saving

so private saving will be

private saving = GDP - Consumption - tax revenue  ................2

private saving = $10000 - $6000 - $1300

private saving = $2700

8 0
3 years ago
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Leno4ka [110]

The answer to the blank space is green-oriented.

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In the Frito-Lay’s case of snack food manufacturing, it is clear that this is the second type of environmental-friendly product, since the product is partially produced using solar power which leads to less harmful pollution for the environment.

6 0
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Answer:

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The competitive advantages of performing these actions is that the products and in the consumer's mind will always be updated.

8 0
3 years ago
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