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kolezko [41]
3 years ago
8

Barter requires that you know the market value of all the goods and services that you want and have to offer. are a member of an

established barter network. find a person who has what you want and a person who needs what you have to offer. live in an area where there are people with diverse talents and a market with diverse products. The use of money provides a common value that makes buying and selling transactions simpler as long as there is one currency in use. establishes the value of goods and services. provides a common value that makes bartering transactions simpler. provides a common value that makes buying and selling transactions simpler than would be the case with barter. Consider the statement: "We want money only to part with it." When people express a desire to have money, they really want a larger balance in their checking accounts. to be rich. a better paying job. the goods and services that money can buy.
Business
2 answers:
inn [45]3 years ago
8 0

Answer: the goods and services that money can buy.

Explanation: this phrase simply means we only want money so we can spend it on other goods/services. Examples of such goods and services are

1. Cars

2. Electronics ( Television s)

3. Foods e.t.c

This begs the question what is money: money is a medium or means of exchange, money can be banknotes or coins.

mr_godi [17]3 years ago
6 0

Answer:

Barter requires that:

  • find a person who has what you want and a person who needs what you have to offer. IN A BARTER SYSTEM, YOU TRADE ONE GOOD FOR ANOTHER, BUT YOU NEED TO FIRST FIND A GOOD THAT YOU WANT (SIMILAR TO MONEY), BUT THE SELLER MUST ALSO BE WILLING TO ACCEPT THE GOODS THAT YOU OFFER (NOT SIMILAR TO MONEY)

The use of money provides:

  • a common value that makes buying and selling transactions simpler as long as there is one currency in use. ONE THE FUNCTIONS OF MONEY IS TO SERVE AS A UNIT OF ACCOUNT IN ORDER TO MAKE PRICE COMPARISONS EASIER.

When people express a desire to have money, they really want:

  • the goods and services that money can buy. ANOTHER FUNCTION OF MONEY IS SERVING AS A MEDIUM OF EXCHANGE, SINCE THE VALUE OF MONEY IS NOT GIVEN BY THE PRINTED PAPER, BUT BY WHAT MONEY REPRESENTS.
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3 0
3 years ago
"The minimum acceptable price for a product that producer Sam is willing to receive is $15. The price he could get for the produ
mars1129 [50]

Answer:

Sam's producer surplus is $3

Explanation:

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Mathematically, it is represented as; market price - willing price

= 18 - 15 = $3.

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Equired: 1-a. the marketing manager argues that a $10,000 increase in the monthly advertising budget would increase monthly sale
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2 years ago
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Answer:

B buy U.S. Government securities from bank dealers with an agreement to sell them back at a later date

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