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3 years ago

What does it mean to be a medium of exchange?

1 answer:

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It means it is something that buyers will exchange with a seller when they want to purchase goods or services from the seller.

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A monopoly industry:A. has very significant barriers to entry. B. faces a downward sloping demand curve. C. produces a product f

Kryger [21]

Answer:

The correct answer is option E.

Explanation:

A monopoly is a market where there is only single producer or seller. There are restrictions on entry in the market. The firms in the monopoly are price makers. That is why they have a downward sloping demand curve.

There are no close substitutes for the product and there is only one seller in the monopoly.

The firm may earn profit or loss or profits in the short run based on its revenue and cost conditions.

So, all the options given are correct.

7 0

3 years ago

Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by

GREYUIT [131]

Answer:

Explanation:

When dealers "make a market", they do so by providing liquidity in a market that may lack such. Liquidity measures the ease with which participants can buy and sell in a market. Thus, by making a market, a dealer buys stocks for inventory when investors want to sell, and sells stocks from inventory when investors want to buy.

6 0

3 years ago

Which of the following is not included in GDP?the payments for a chiropractor's servicescash income paid to a day laborer that i

Scilla [17]

Answer:

cash income paid to a day laborer that is not reported to the tax authorities

Explanation:

GDP stands for Gross domestic product. It is the monetary value of all finished goods and services made within a country during a specific period.

It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports – imports).

Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP

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3 years ago

Wes Motors has total assets of $98,300, net working capital of $11,300, owners' equity of $41,600, and long-term debt of $38,600

Molodets [167]

Answer:

Current Assets = $29,400

Explanation:

Total Assets = Total Liabilities + Owner's Equity

$98,300 = (Long Term Debt + Current Liabilities ) + Owner's Equity

$98,300 = $38,600 + Current Liabilities + $41,600

Current Liabilities = $98,300 - $38,600 - $41,600

Current Liabilities = $18,100

Net Working Capital = Current Assets - Current Liabilities

$11,300 = Current Assets - $18,100

Current Assets = $11,300 +$18,100

Current Assets = $29,400

6 0

3 years ago

Jojo drives a truck for a living but is attending Ashford to earn a degree in business administration because what he really wan

bixtya [17]

Answer:

The correct answer is letter "A": Wait until he enters an area with an available wired network.

Explanation:

It is common that while driving on the road there might be some areas where internet connection can be lost because the antennas of the service provider our mobile lines work with are not nearby. Then, just like in Jojo's case, we should wait to enter into an area where there is enough signal so we can use our mobile internet as usual.

5 0

3 years ago