<h2>Role of Money:</h2>
Any tool that is entirely trusted in the marketplace both by dealers of goods and services as the amount for those goods and services by lenders as payment for debts.
Money is usually defined in three functions pr services done with it. It serves as a medium of exchange, as a store of value and as a unit of account.
<h3>Exchange facility:</h3>
Money's most significant role is as a means of exchange to promote transactions. Without money, all economic activities would have to be accompanied by exchange, which includes direct trade of one good or service for another. The problem with this system is that in order to obtain a specific good or service from a supplier, one has to occupy a good or service of equivalent cost, which the supplier also wants. in a barter system, an interchange can take place only if there is a double parallelism of wants between two transacting persons or parties.
The correct answer is 2.
Elasticity measures the sensibility of the quantity supplied or demanded when the price of the product is modified. In this example we will compute the elasticity of the supply function.
<u>The supply function is inelastic</u> in the sense than when a price increase is performed (from P1 to P2) the quantity supplied increases in a lower proportion (from Q1 to Q2). Let's prove this by calculating the percentage increase experienced by each of the two variables:
- Price: (7-4)/4 * 100% = + 75%
- Quantity supplied: (5-3)/3 * 100%= +66.66%
When there is a price increase of the 75%, the quantity supplied increases a 66.66% (<75%).
Answer:
The answer is the alarm stage.
Explanation:
The alarm stage is the first stage in the general-adaptation syndrome. During this stage, the body experiences numerous physiological changes. For example, heart-rate might increase, as well as sweating and blood-pressure. This sets what is known as the "fight or flight" response, which energises the body and prepares it to deal with the source of stress.
It is dumped, untreated, into the ocean.<span>
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