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insens350 [35]
3 years ago
11

When the price level rises, the number of dollars needed to buy a representative basket of goods: A. increases, and so the value

of money rises. B. increases, and so the value of money falls. C. decreases, and so the value of money rises. D. decreases, and so the value of money falls.
Business
1 answer:
muminat3 years ago
7 0

Answer: B. increases, and so the value of money falls.

Explanation: When the price level rises, the number of dollars needed to buy a representative basket of goods<u><em> increases, and so the value of money falls</em></u>. A representative basket of goods refers to a fixed number of consumer goods and services. The price of these goods and services are valued annually. If one or more of these products increase their value you will need more dollars to buy the basket of goods. So, the value of money falls.

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A. $41,120.

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0       Equipment cost      ($30,000)                    ($30,000)

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<h3><u>Explanation:</u></h3>

The principle that gives importance and priority to the group rather than the individuals is called as collectivism. It gives importance to the group for instance a family rather an individual in that family. For instance consider the activity of a child who has been brought up in a collectivist society.

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