Answer:
The answer is (B) transfer dollars, and therefore purchasing power, into the future.
Explanation:
A store of value is best described as a function contained in an asset that allows it to be saved, retrieved, and traded in the future. Money provides this function, alongside other forms of assets such as bonds, gemstones, and precious metals. Other functions of money, include as a medium of exchange and a unit of account.
Answer:
It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.
Explanation:
The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.
Answer:
The price will be higher and output lower in absence of competition.
Explanation:
When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.
It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.
The resources will not be efficiently allocated and deadweight loss will exist.
Answer:
A) a person who forms and operates a business
Explanation:
An entrepreneur is a person who forms and operates a business. An entrepreneur is one of the factors of production. Other factors include land, labour and capital.
An entrepreneur takes up the financial risk of a business.
An entrepreneur earns profit or loss.
A shareholder is a person who invests in an existing business
A bondholder is a person who lends capital to a new business
I hope my answer helps you.
