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lianna [129]
3 years ago
12

Eric manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately g

oes out and buys as many goods as he can for himself for the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of _______? inflation.
a. menu costs
b. shoe-leather costs
c. unit-of-account costs
Business
2 answers:
Orlov [11]3 years ago
8 0

Answer:

A. Menu Costs

Explanation:

Menu costs are costs resulting from consistent changing in the general nominal prices of goods and services. so like the name suggests menu costs, that is, the list of Consumer Price Index keeps updating like a restaurant food menu. So, Eric buys everything he needs on payday because the face (nominal) value of goods and services is consistently changing making the currency to also lose value.

kow [346]3 years ago
5 0

Answer:

The correct answer is a. menu costs .

Explanation:

Menu costs are those that arise from changes in product prices. In order to implement any sudden change of this type, it is necessary to carry out a very thorough analysis in order to determine if it is profitable for an organization to make changes in prices, this action determines if said increase is enough to cover the costs of that change.

You might be interested in
an organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive
Likurg_2 [28]

Answer: A non profit organization

Explanation: A non profit organization is an establishment created to perform efficiently and effectively, without necessarily making profit as its aim.

They most times function in the area of humanitarian needs, health and medicine, financially empowering the unemployed in communities.

The non profit organization are most times sponsored by government of nations, international bodies ( such as UN, WHO, UNESCO).

6 0
3 years ago
Consider a basket of consumer goods that costs $60 in the United States. The same basket of goods costs NOK 40 in Norway. Holdin
Helen [10]

Answer:

4.5 and 3

Explanation:

We know that

Real exchange rate = Nominal exchange rate × (Cost of the basket in US  ÷  Cost of the basket in  Norway)

So according to this formula, the computation is shown below

When the nominal exchange rate is 3, then the real exchange rate would be

= 3 × (60 ÷ 40)

= 4.5

When the nominal exchange rate is 2, then the real exchange rate would be

= 2 × (60 ÷ 40)

= 3

7 0
4 years ago
Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A typewriter repair shop clo
ladessa [460]

Answer:

Which of the following situations would be considered cyclical unemployment?

B-D

Explanation:

D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.

B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy.

8 0
3 years ago
If mollusk shells were accepted as a method of payment in modern-day markets, what economic role would they play in the financia
mr Goodwill [35]

Answer:

(D) medium of exchange

Explanation:

According to my research on economics, I can say that based on the information provided within the question mollusk shells would play the economic role of being a medium of exchange within a financial system. This is basically a term defined as a widely accepted token which can be exchanged for goods and services.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
In the textbook by Kathleen Allen, she describes a sample protection net for an integrated circuit by describing 15 different it
Angelina_Jolie [31]

Answer:

The answer to this question can be defined as follows:

Explanation:

  • In option 1, Design safety for IP- It is the enrollment of design gives its designer to its exclusive privilege to use and enable others to be using the layout, which includes the right to produce, offer, market, import, use, or store for such reasons, an item where the design is implemented. Its design wind safety results vary between 5 and 25 years from region to region.
  • In option 2, Trade protection- A trade secret is a kind of industrial assets in the form of a non-publicly recognized and reasonably analyzable system, process, method, layout, tool, pattern, collection. It ensures a competitive edge because of its holders. Its proprietor should keep it private if a company's mystery is to be efficient.  
  • In option 3,  Its technology License for making a production comes which other rivals can not use to produce a semi-driver of this kind.
8 0
3 years ago
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