All categories

2 years ago

Why is representative money more useful than commodity money?

Business

2 answers:

love history [14]2 years ago

8 0

Representative money is portable, durable, divisible, and acceptable.

tatuchka [14]2 years ago

8 0

Before the invention of money, people exchanged the goods produced. For example, a corn producer traded with a sugar beet producer. This means that each commodity has an intrinsic value. The problem is that this value is difficult to predict. Representative money has emerged as a way of facilitating trade. Money has peculiar characteristics that differ from commodities. Money is easily carried, highly divisible and accepted by everyone. Since the creation of money, it has become easier to market goods and services.

You might be interested in

Whom do price supports benefit and whom do they hurt?

Flura [38]

They benefit producers and hurt consumers

7 0

3 years ago

Economists use the distinction between private and public goods to determine __________

Butoxors [25]

Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.

In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.

Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.

Hence, both public and private goods have their own importance in the economy.

To learn more about public and private goods here:

brainly.com/question/15176802

#SPJ4

8 0

2 years ago

T/F: The theory of purchasing-power parity states that a unit of a country's currency should be able to buy the same quantity of

balandron [24]

Answer: The statement is TRUE.

Explanation: The theory of purchasing-power parity is an economic theory that tries to calculate the exchange rate between the currencies of two countries necessary so that the same basket of goods and services can be purchased in the currency of each one, that is, so that the purchasing power (or purchasing power) ) of both currencies is equivalent.

6 0

3 years ago

Which of the following identifies a change in the technological environment that could affect the success of a business?

podryga [215]

The statement that identifies a change in the technological environment that could affect the success of a business is option B. The option B is A company develops a new battery that lasts twice as long as its predecessor.

The development of technology is currently running so rapidly, unconsciously maybe every day technology develops. In this day and age, technology is very important for humans, so that it can be said that human life today cannot be separated from technology. The rapid development of technology has made almost all human work easier because almost all human work is assisted by technology. Day by day, technology is more varied, more innovative, more able to help human work. The development of this technology brings so many positive impacts, but technology also has a negative impact.

The following is the impact of technological developments on business:

Speed up the production and distribution process
The exchange and delivery of information becomes easier and faster
Make it easier to get information related to finance, competitors, consumer tastes, and target market
Make it easier to expand your business
Make it easy in terms of promotion
Make transactions easier because of digital payments

You can learn more about development of technology here brainly.com/question/13743788

#SPJ4

8 0

1 year ago

When Marcus sent his daughter to college, he purchased a house near campus for $95,000. Empty lots in the area sold for approxim

Ugo [173]

Answer:

correct answer is (A) $85,000

Explanation:

given data

purchased house = $95,000

Empty lots area sold = $10,000

fair market value = $160,000

land price rise = $20,000

solution

we can say here that fair market value is more than the fair preface of home

so adjusted introduce will be explanation behind weakening

and

basis depreciation of the house will be

basis depreciation of the house = $95000 - $10000

basis depreciation of the house = $85000

so correct answer is (A) $85,000

5 0

3 years ago