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kobusy [5.1K]
3 years ago
8

What determines the monetary value of a good or service?

Social Studies
1 answer:
guajiro [1.7K]3 years ago
7 0

Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.

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I believe it is the generic but I may be wrong about that.

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Answer:

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3 years ago
The united states and canada are both __________ ; however, canadian culture is more __________ than u.s. culture.
Stolb23 [73]

The united states and Canada are both multicultural; however, Canadian culture is more collectivist than US culture.

This is further explained below.

<h3>What is multicultural?</h3>

Generally, The idea of multiculturalism may be perceived to imply a number of various things, depending on the context in which it is being discussed, including sociology, political philosophy, and even common parlance.

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