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Furkat [3]
3 years ago
8

Suppose a period of continuous political instability leads to people to believe that the economy will slide into a deep recessio

n. As a result, people become more likely to accept ________ money in exchange for goods and services.(A) Flat(B) Commodity
Business
1 answer:
yawa3891 [41]3 years ago
7 0

Answer:

Option (B)

Explanation:

If people expect a deep recession coming ahead, they know that fiat (paper) money will lose all its purchasing power. Holding fiat money will not buy them their standard basket of goods & services, so they will prefer to hold commodity money.

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A d d m e o n d i s c o r d<br> Katelyn#6394
kirza4 [7]

Answer:

ok and thanks for the points

thanks:)

3 0
2 years ago
Read 2 more answers
The slope of the production possibility frontier is determined by the _____ of expanding production of one good, measured by how
Ket [755]

Answer:

The correct answer is the opportunity cost of producing a good.

Explanation:

The production possibility curve or frontier shows all the different bundles of two goods that can be produced using the given resources.

The opportunity cost of a good is the amount of other good sacrificed to produce this one.

The slope of production possibility curve represents the opportunity cost of producing a good.

8 0
3 years ago
Answer the question based on the accompanying list of items related to aggregate demand or aggregate supply. Changes in which co
german

Answer:

  1. Government Spending   
  2. Degree of Excess Capacity  
  3. Productivity  
  4. Business Taxes  
  5. Domestic Resource Availability  
  6. Prices of Imported Products

Explanation:

Hello, research into this question makes me believe that this is the list of factors. Hope I am right :)

  1. Government Spending  
  2. Consumer Expectations  
  3. Degree of Excess Capacity  
  4. Personal Income Tax Rates  
  5. Productivity  
  6. National Income Abroad  
  7. Business Taxes  
  8. Domestic Resource Availability  
  9. Prices of Imported Products  
  10. Profit Expectations on Investments

Supply is the amount of goods and services suppliers are willing to provide at a given time for a given price. A shift in the supply curve to the left means that there is a fall in quantity supplied (occurs during unfavorable conditions) whereas a right-hand shift proves that there is an increase in quantity supplied (occurs during favorable conditions) . Factors that can cause a shift in the supply curve are as follows:

1. Government Spending:

If the government increases spending such as in the form of loans or subsidies, suppliers will be positively affected and causes a right-hand shift in the supply curve. However, if government spending falls, it would create a left-hand shift.

2. Degree of Excess Capacity:

This refers to the stock that can be withheld in a business. When there is a lot of excess capacity, there would be a right-hand shift in supply.

3. Productivity:

Higher productivity means that production is high, hence supply is high causing a right shift. On the other hand, lower productivity will create a left-hand shift.

4. Business Taxes:

Businesses are expected to pay taxes such as corporate taxes. When taxes are high, firms are discouraged since a lot of their earnings are paid as tax to the government. Thus supply will fall, leading to a left shift. On the other hand, when taxes are low, businesses are encouraged to produce more since they can now make higher profits. Thus, supply curve shifts to the right.

5. Domestic Resource Availability:

If domestic resources are used in production, such as land, labor or machinery, high availability of these will allow higher production and hence a shift in supply to the right. Lower availability will cause a left hand shift in the supply curve.

6. Prices of Imported Products:

If certain raw materials are important for production, rising prices of imported products will reduce supply as cost of production is higher, which causes supply to shift left. However, when prices of imported products fall, cost of production falls, causing a right hand shift in the supply curve.

7 0
3 years ago
Promoting a climate of civility within the hospitality organization is something the leader should attempt to do always
Alexandra [31]
I’m saying false but not really sure
4 0
2 years ago
Read 2 more answers
Fixed vs Variable cost preference. Bates operates a kiosk at a local mall, selling duck calls for $30 each. The variable cost to
GuDViN [60]

Answer:

Option 2 should be selected

Explanation:

Using a rational approach which option most benefit and have a minimum cost. We will use the break-even level here to decide which option should be selected.

Option 1

Price per call = $30

Variable cost per call = $18

Contribution = Sales  - Variable cost = $30 - $18 = $12

Fixed Cost = $15,000

Break-even point = Fixed cost / Contribution per call = $15,000 / $12 = 1,250 calls

Option 2

Price per call = $30

Variable cost per call = $18 + ( $30 x 10% ) = $18 + $3 = $21

Contribution = Sales  - Variable cost = $30 - $21 = $9

Fixed Cost = $9,000

Break-even point = Fixed cost / Contribution per call = $9,000 / $9 = 1,000 calls

Difference  = 1,250 calls - 1,000 calls = 250 calls

Option 2  is better option because it take 250 less calls to reach at break-even in the month. It should be selected.

8 0
2 years ago
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