Answer:
Option C
Explanation:
C. There is a high degree of social consensus
Answer:
C. Market value of the inputs a firm uses in production.
Explanation:
Total cost is the summation of all cost incurred by a firm as a result of production. It is also market value of the inputs a firm uses in production.
Total cost refers to the summation of fixed cost, which is a cost that does not vary with the level of out put and variable cost, which varies with the level of output.
When producers manufacture goods, the total cost of production of such goods will be factored in the final price such that the producer is able to earn profit.
The correct answer is A) has advantages over commodity-backed money.
Fiat money has advantages over commodity-backed money.
There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.
Answer:
Explanation:
A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.
A credit is an entry alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.
