1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Delicious77 [7]
3 years ago
9

What does it mean to be a medium of exchange?

Business
1 answer:
yawa3891 [41]3 years ago
3 0
It means it is something that buyers will exchange with a seller when they want to purchase goods or services from the seller.
You might be interested in
Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
noname [10]
It’s opportunity cost
4 0
3 years ago
Read 2 more answers
If the U.K. exports 14 billion British Pounds of​ products, and imports 10 billion British pounds of​ products, its trade balanc
rodikova [14]

Answer:

D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.

Export is the sending out of goods to a foreign country. That is the selling of goods to another country.

Trade balance= Export- Import

=14 billion British pounds- 10 billion British pounds

=4 billion British pounds

The trade balance that occurs here is surplus trade balance where export is more than import.

5 0
3 years ago
By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid:
Serjik [45]

Answer:

the principal-agent problem

Explanation:

In the case when there is a tied of the top corporate managers salary with the price of the corporation stock so here the corporation should avoid the principal agent problem as it deals with the conflict with respect to the priorities that lies between the person and the representative.

So the above should be the answer

4 0
3 years ago
Because of its highly efficient and low-cost distribution system, walmart has a ____ advantage over kmart.
nikklg [1K]

Because of its highly efficient and low-cost distribution system, walmart has a <u>"Sustainable competitive" </u>advantage over kmart.


Sustainable competitive advantages are required for an organization to flourish in todays worldwide condition. Value investors look for organizations that are deals. Keeping in mind the end goal to abstain from acquiring an esteem trap one of the variables we scan for is sustainable competitive advantages.

Without at least one sustainable competitive advantages an organization will most likely be unable to recoup from whatever made the stock turn into a deal. We just need to purchase the loads of organizations that are genuine esteem ventures, not esteem traps. As it were, we need to purchase stocks exchanging beneath their inborn esteem and will develop income for investors.

4 0
4 years ago
Which of the following is correct? An increase in the quantity of labor always leads to economic growth. Increased education add
pishuonlain [190]

Answer:

Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital.

Explanation:

Economic growth can be defined as a persistent increase in the real Gdp of a country overtime.

An increase in the quantity of labour doesn't always lead to economic growth.

An increase in the productivity of labor leads to economic growth.

Third world countries aren't usually rich in human capital. One of the measures of human capital is education. Education is usually deficient in third world countries.

Factors that lead to economic growth are :

1. Improvement in technology

2. Investment in physical capital.

3. Increased availability of natural resocurces.

4. Investment in human capital

I hope my answer helps you

5 0
4 years ago
Read 2 more answers
Other questions:
  • Danielle is a 74-year-old widow, lives alone in the home she has had for over 40 years, and has become something of a packrat. s
    14·1 answer
  • Hudson Co. is currently producing 1,000 units of a necessary component part by incurring $54,400 in direct materials, $24,000 in
    15·1 answer
  • List the four steps in the response model for answering behavioral interview questions.
    11·2 answers
  • Which of the terms below is often used in addition to the words "writing" and "record", and thus recognizes that UCC contracts a
    12·1 answer
  • Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November
    5·1 answer
  • Given the series of demand data below Period: 1 2 3 4 5 6 7 8 9 10 Demand: 42 35 58 42 27 49 40 41 27 41 a. Calculate the foreca
    7·1 answer
  • What is a deficit?
    6·2 answers
  • Suppose the U.S. supply of loanable funds shifts left. This will Group of answer choices increase U.S. net capital outflow and i
    8·1 answer
  • The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.70 Actual costs 6,400
    12·1 answer
  • Follow on public Offer(FPO) <br> it is in primary market or secondary?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!