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Nikitich [7]
3 years ago
12

. The use of money contributes to economic efficiency because: A. governmental direction of the production and distribution of o

utput can be avoided by using money. B. roundabout production could not occur without the availability of money. C. it is necessary for the creation of capital goods. D. it promotes specialization by overcoming the problems with barter.
Business
1 answer:
Murrr4er [49]3 years ago
4 0

Answer:

it promotes specialization by overcoming the problems with barter.

Explanation:

When economies are specialised workers focus on producing what they have competitive advantage in, and all other goods are purchased with the use of money. This increases economic efficiency and improves quality of products.

On the other hand the barter system involves exchange of goods between people. To get what I want I must provide the other person what they want. This promotes diversity of production with one person producing wide range of goods he does not have competitive advantage in.

So money increases economic efficiency.

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Nicaragua bases the valuation of its currency on the U.S. dollar. The value of Nicaragua's currency is changed based on the chan
Sedaia [141]

Answer:

The floating exchange system

Explanation:

The floating exchange rate is a system where the Forex market determines the currency price of a country relative to other currencies. The forces of demand and supply drive the prices.

In the floating exchange system,  governments do not directly fix their exchange rates as they do in the fixed-exchange-rate. However, through central banks' monetary policies, governments try to keep their currency prices competitive for international trade.

7 0
3 years ago
The fact that more than one type of economic system exists in the world today is attributable MAINLY to the fact that
eduard

Answer:

C

Explanation:

Different economic systems were created in the past to solve different issues/problems in separate conditions from other countries

6 0
3 years ago
The Versatech Corporation has decided to produce three new products. Five branch plants now have excess product capacity. The un
Ratling [72]

Answer:

A parameter table was constructed to show the transportation problem and to also obtain an optimal solution.

Explanation:

<u>Solution</u>

(a) the first step is to prepare  the problem as a transportation problem by establishing  the appropriate parameter table

                            1        2          3            Supply

Source    1           31      45      38             400

(Plant)      2          29     41       45             600

               3           32     46      40            400

               4           28     42      M              600

               5           29     43      M              1000

     Demand        600    1000  800

The total supply  is = 400 + 600 + 400+ 600+ 1000= 3000

Total demand is = 600 + 1000 + 800 = 2400

(b) since the problem given is an imbalanced transportation problem,to make it a balance transportation problem we will make use of what is called the dummy destination for this numbers 3000 - 2400 = 600

                  1        2          3                  4 (Dummy)      Supply

Source    1           31      45      38               0                   400

(Plant)      2          29     41       45               0                   600

               3           32     46      40               0                   400

               4           28     42      M                 0                   600

               5           29     43      M                 0                    100

Demand             600    1000  800          600

The positive independent number of  allocations is equal to m+n -1 = 5 + 4-1 =8

This solution is a basic feasible solution called a non -degenerate

The cost of initial transportation is he initial transportation cost=31*400+29*200+41*400+46*400+42*200+M*400+M*400+0*600

=$61400+800M

Note: kindly find an attached document of the part of the solution of the work.

4 0
4 years ago
Preferred stock is a "hybrid" security. Preferreds typically pay a fixed dividend, so they are a fixed-income security like a bo
alexdok [17]

Answer:

The correct answer is True.

Explanation:

The preferred share is one that confers on its owner an additional privilege, generally of an economic nature, compared to what we commonly call common shares.

As for ordinary shareholders, preferred shares do not expire, but nevertheless, unlike ordinary shares, they do not legitimize their holder the right to vote at general or extraordinary meetings of shareholders, and they do not attribute any equity participation of the society. Likewise, the profitability of preferred shares is also not guaranteed, since it is linked to obtaining benefits.

8 0
3 years ago
Read 2 more answers
There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house
11Alexandr11 [23.1K]

Answer:

regressive

Explanation:

A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.

On the other hand, progressive taxes increase as the income level of the taxpayers increases.

8 0
3 years ago
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