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
levacccp [35]
2 years ago
14

In many casinos, a person buys chips to use for gambling. Within the walls of the casino, these chips can often be used to buy f

ood and drink or even a hotel room. Do chips in a gambling casino serve all three functions of money?
Business
1 answer:
Ber [7]2 years ago
6 0

Answer:

As long as you remain within the casino's walls, chips fit the definition of currency; that is, they serve as a means of exchange, an account unit, and a value store. Once you leave the casino, chips don't work very well as money but many kinds of money don't work well in other places.

It's hard, for example, to spend money from Turkey or Brazil on your local supermarket or the movie theatre.

You might be interested in
Explain the term economic activity
lakkis [162]

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.

Explanation:

CAN I GET BRAINLIEST

4 0
2 years ago
A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from t
Ganezh [65]

Answer:

$18

Explanation:

Since the manufacturer sold twice as many units of Q than P, that means it at least sold 1 unit of P and 2 units of Q.

to determine the arithmetic mean (average) revenue per unit:

total revenue = P + 2Q = $20 + (2 x $17) = $20 + $34 = $54

arithmetic mean (average price) = $54 / 3 = $18

6 0
2 years ago
You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of
mart [117]
The best and most correct answer among the choices provided by the first question is the third choice or letter C "the business cycle."

On the other hand, the best and most correct answer among the choices provided by the second question is the first choice or letter A " The price goes up. "<span>
</span>I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
7 0
2 years ago
Which sentence best completes the diagram?
Ivanshal [37]

Answer:

C. Prices in the country Increase

Explanation:

Inflation describes the general increase in prices in a country over time. Prices tend to rise with the increase in economic growth. A high economic growth rate implies that prices will increase at a high rate.

The Inflation rate is measured by assessing changes in the prices of products and services representing people's consumption. A rise in the inflation rate indicates a general increase in prices.

6 0
2 years ago
When other salespeople believe that a sales manager has valuable knowledge or skills in a given area, the sales manager is able
netineya [11]

Answer:

The correct answer is: expert power.

Explanation:

Expert power is power derived from the belief of workers that a manager or some other member of an organization has a high level of knowledge or some sort of unusual skills not acquired or displayed by other employees or coworkers of the company. This provides the skilled worker a certain influence at the moment of deciding workers of the same hierarchy.

6 0
3 years ago
Other questions:
  • Peggy accepts a job offer as an advertising copywriter. Her boss immediately assigns her campaigns for products such as makeup a
    15·1 answer
  • Which type of promotion do many people consider more credible because it is less biased?
    9·1 answer
  • Development associates (da) agrees to buy five acres of land from eastside properties for $15,000. eastside fails to go through
    5·1 answer
  • In 2014 Electric Autos had sales of $135 million and assets at the start of the year of $220 million. If its return on start-of-
    15·1 answer
  • The following information is available on a depreciable asset owned by Mutual Savings Bank: Purchase date July 1, Year 1 Purchas
    13·1 answer
  • To create a balanced budget one must make sure too
    7·1 answer
  • ____ refers to the statistical characteristics of a group or population such as age, gender, and education level.
    9·1 answer
  • Discuss how a fragmented audience is both a challenge and an opportunity for sports and entertainment marketers?
    10·1 answer
  • What do socialism and communism have in common? Economics
    11·2 answers
  • Which inventory method results in the highest net income during periods of falling prices?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!