If a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, This would be an example of differences in cultural forces. It is an example of differences in cultural customs because it includes <span>customs, lifestyles and values that characterize a society that are different. </span>
Answer:
The correct answer is: medium of exchange.
Explanation:
The medium of exchange function of money that helps the society in gaining the benefits of geographic and labor specialization.
The medium of exchange function means that money is an asset that is widely accepted as a medium of exchange in the transactions involving the exchange of goods and services.
The medium of exchange function of money eliminates the need for double coincidence of wants. Thus helps in labor and geographic specialization.
Answer:
B;A
Explanation:
You have the following data on three stocks: Stock Standard Deviation Beta A 20% 1.59 B 30% 1.71 C 25% 1.29 If you are a strict risk minimizer, you would choose Stock B if it is to be held in isolation and Stock A if it is to be held as part of a well-diversified portfolio.
Answer:
pay a wage rate less than labor's MRP
Explanation:
A monopsonistic employer in an unorganized (nonunion) labor market will: "pay a wage rate less than labor's MRP"
The above statement is based on the idea that Monopsony is a market situation whereby a single buyer or firm is the only purchaser of a good or service, which in most cases has to do with the purchase of labor.
And given the fact that the firm is the sole purchaser of labor, where there is no labor union, there is a high tendency that such firm or employer pays a wage rate less than labor's marginal revenue productivity.
Answer:
Quinn values the apple pie at $4 and the chocolate cake at $10 = total $14
- since one "half" will only be chocolate, he needs $7 out of chocolate = 7/10 of the chocolate cake.
- the other "half" will include 3/10 of chocolate cake and the whole apple pie = (3/10 x $10) + $4 = $3 + $4 = $7
If Dustin chooses the second "half" he will receive 3/10 of chocolate cake and the whole apple pie = (3/10 x $4) + $6 = $1.20 + $6 = $7.20
