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2 years ago

Using money prices to compare relative values of goods and services represents money functioning as a?

1 answer:

8 0

Using money prices to match relative values of goods and services represents money functioning as a: unit of account.

What is money as unit of account?

As a unit of account, money is the common base of comparison that people use to present prices and record debts. Without a standard unit of account, these tasks would be far more difficult. The third function of cash , as a store useful , is one that we all know well. once you work, you're paid a wage.

What is a unit of account cost?

The unit-of-account costs of inflation are the costs arising from the way inflation makes money a less reliable unit of measurement. Shoe-leather costs are the increased costs of transactions caused by inflation. Menu costs are the important costs of changing listed prices

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Suppose two neighbors share a park. One neighbor, Al, leaves trash in the park. This bothers the other neighbor, Bill. a. Accord

Sergio039 [100]

Answer:

1 optimal level is the level of trash where AL willingness to compensate Bill is equal to damage cost to bill by trash

2 it can be alleviated

3 yes there is a way by granting property rights to either of the two parties

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3 years ago

Following are several figures reported for Allister and Barone as of December 31, 2018: Allister Barone Inventory $500,000 $300,

horrorfan [7]

Answer:

The correct option is C,$795,000

Explanation:

The consolidated inventory of Allister and Barone at year end 31st December is the sum of their individual inventories minus the allowance for unrealized profit on intra-group sales of $180,000

Allowance for unrealized =amount of unsold inventory/total sales*profit on sale

amount of unsold =10%*$180,000=$18,000

total profit on the sale=sales price-cost=$180,000-$130,000=$50,000

allowance for unrealized profit=$18,000/180,000*50,000=$5,000

Consolidated inventory=$500,000+$300,000-$5,000=$795,000

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4 years ago

Which of the following statements reflects the nature of the global economy of the twenty-first century? question 6 options: a n

OlgaM077 [116]

The global economy of the 21st century can be summarized as: an economic system that is more favorable for international business. Trade and imports are at an all time high, especially into the United States from places like China, Japan, and Hong Kong.

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3 years ago

Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

harina [27]

Answer:

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3 years ago

Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does n

Levart [38]

Answer: Option C

Explanation:

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Laggards are the last group of people who adopt to new products. Laggards are traditional people who would like to go by old ways. Fred is a laggard who has low income and does not wished to switch to new digital technology.

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3 years ago