<span>Used to feed the machine where there is a transformation of chemical energy into mechanical energy. Rockefeller implanted the internal combustion engine that was a type of engine that runs on fuel, it is produced inside an internal combustion chamber inside the machine. This type of engine opened a world of possibilities within the transport industry and raised the oil industry.</span>
A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.
Explanation:
A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.
It is true that not extending credit through an open account to a potential customer could cause the loss of sale Quizlet.
<h3>
What is credit on an open account?</h3>
Open credit is a economic arrangement between a lender and a borrower that permits the latter to access credit frequently up to a specific maximum limitation. Once the borrower starts making repayments to the account, the cash becomes available for departing again since it is a revolving fund.
An open account provides significant benefits to the buyer:
- The goods arrive and often can be sold before they have to be paid for.
- The buyer has good cash flows. The more he buys, the more cash flow he generates.
- It is simple and easy.
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Answer: Boldovia will experience greater vacation in real GDP than Molfovia.
Explanation:
Boldovia will experience higher vacation in real gross domestic product (GDP) than Moldovia because Boldovia does not have automatic stabilizers while Moldovia has automatic stabilizers.
In Moldovia the effects of slump will be reduced by the unemployment insurance benefits, this will support residents incomes, and the effects of booms will be reduced because the tax revenues will rise. In Boldovia, incomes will not be supported during the period of slumps because of no unemployment insurance.
