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3241004551 [841]
3 years ago
14

Why is using money as a medium of exchange preferable to bartering?

Business
1 answer:
Y_Kistochka [10]3 years ago
8 0

Answer:

Money as a medium of exchange is more preferable because of its less cumbersome nature.

Explanation:

Money as a medium of exchange is more suitable because of its less cumbersome nature. Money was invented because of the inefficient nature of the barter system.

Money is easily stored compared to a barter system.

Money as a medium of exchange eliminates the barter system's problem of double coincidence of wants. Barter works when you trade things you own for things you want. If for example you want a bicycle and you own a goat, you have to look for someone who wants a goat and owns a bicycle willing to make an exchange, which can be quite difficult.

Money is an acceptable medium of exchange to all parties which makes it more preferable to bartering.

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Suppose a country reduces restrictions on how many hours people can work. If reducing these restrictions increase the total numb
maks197457 [2]

Answer:

The correct answer is option c.

Explanation:

If the restrictions on working hours are removed such that keeping other factors constant, the total number of hours worked increases. This will cause the total output to increase.  

But the workers will not be able to work efficiently for longer hours. This will cause productivity to decline.  

This happens because working for long hours will make the workers tired. Their health is negatively impacted so their productivity will decline.

3 0
3 years ago
The local electronics store is offering a promotion​ "1-year: same as​ cash," meaning that you can buy a tv​ now, and wait a yea
shtirl [24]

Answer:

$961.54

Explanation:

To calculate the real price of the TV you would have to determine the present value of the TV's price. The future price of the TV is $1,000 and your discount rate is 4% annual (the same as your bank), so the present value of the TV =

present value = future value / (1 + rate) = $1,000 / 1.04 = $961.54

3 0
3 years ago
Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100
loris [4]

Answer:

No

Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)

Explanation:

Economic profit it accounting profit less implicit cost.

Accounting profit is total revenue less total cost or explicit cost.

Implicit costs are opportunity costs.

Economic profit = $100 - $200 = $-100

Amos McCoy Is making an economic loss of $-100

I hope my answer helps you.

3 0
3 years ago
1.Explain mountain tourism?<br>2.Explain inland tourism?​
gulaghasi [49]
1. Mountain Tourism is a type of "tourism activity which takes place in a defined and limited geographical space such as hills or mountains with distinctive characteristics and attributes that are inherent to a specific landscape, topography, climate, biodiversity (flora and fauna) and local community.


2.
Inland trips means trips to the part of the country away from the coast, without specifying who is taking those trips. Such trips may let the world know about your country, or they may not.

Foreign trips. on the other hand, is fatally ambiguous. It can mean, and has been taken by others here to mean, trips by foreigners to your country, which would be what is asked for. But technically, a foreign trip is just a trip to a foreign country and the trip-takers should be presumed to be your fellow-countrymen; if they travel abroad, that would give them information about the world, not the other way about.

So the choice is between a bad answer and a very bad answer. I would say inland is less bad, but if the examiner thinks one choice is correct, you need to know how he thinks, not how the English language works.


I hope some of that may help I found it off the web.. sorry if it dosent
7 0
3 years ago
Which is not a mandatory subject matter for good-faith bargaining? a. seniority b. insurance c. pension plans d. strike vote e.
maksim [4K]

Answer:

The correct answer is letter "D": strike vote.

Explanation:

Collective Bargaining is the act by which employees organized in labor unions negotiate with employers (mainly managers) about compensations and work conditions. <em>Wages, working hours, merit pay, </em>and <em>vacation length</em>, are common topics of discussion between the two parties.

<em>A strike is the stop of operations of a company because of unattended labor union request. The decision of going on a strike or not relies merely on the union and the </em><u><em>strike vote</em></u><em> is subject to that group only.</em>

4 0
3 years ago
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