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bogdanovich [222]
3 years ago
12

In the fourteenth century, the Western African Emperor Kankan Musa traveled to Cairo where he gave away much gold, which was in

use as a medium of exchange. We would predict that this increase in gold:______.a. raised both the price level and the value of gold in Cairo. b. raised the price level, but decreased the value of gold in Cairo. c. lowered the price level, but increased the value of gold in Cairo. d. lowered both the price level and the value of gold in Cairo.
Business
1 answer:
Natalka [10]3 years ago
7 0

Answer:

b. raised the price level, but decreased the value of gold in Cairo

Explanation:

In this case, its most likely that inflation would occur because there was a sudden influx of gold into the market thereby reducing the price level of goods because there will be an increase in demand, which if it exceeds supply will increase price. This would further reduce the value of gold in the market because of the unexpected arrival in the market.

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Chicago Company has a subsidiary in Germany where it generates large profits. The subsidiary remits most of its earnings to the
matrenka [14]

Answer:instructing the German subsidiary to borrow euros from a bank in Germany

Explanation:A company may organize subsidiaries to keep its brand identities separate. This allows each brand to maintain its established goodwill with customers and vendor relationships. Subsidiaries can also help you position part of your business as an alternative to the parent company at a different price point.

The Chicago Company will instruct the German subsidiary to lend Euro from bank in Germany.

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3 years ago
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What are the implications of sharing confidential material information?
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Analysts say visitors stay an average of how many seconds on any webpage?
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The answer is D. 10-20 seconds.
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3 years ago
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Farley Inc. has perpetual preferred stock outstanding that sells for $30 a share and pays a dividend of $4.00 at the end of each
nikklg [1K]

Answer:

the required rate of return i r=0.13%

Explanation:

In order to calculate the required rate of interest in the case of a perpetual preferred stock we will use the following formula:

P(p) = D(p) / r

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This gives us the following values:

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4 0
3 years ago
An effective minimum wagea. imposes a price ceiling on the wages of various categories of low-skill workers.b. increases the dem
Strike441 [17]

Answer:

d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

Explanation:

Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.

Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.

Minimum wage isn't a price ceiling but a price floor.

Minimum wage increases the income of Labour.

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3 years ago
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