Please help me with this journal prompts

which of the following is omitted in a barter transaction?a) tradeb) medium of exchangec) store of valued) money

pychu [463]

Money is omitted in a barter transaction.In a barter transaction, two parties trade one basket of goods and services for another basket containing additional goods and services.

<h3>What is barter transaction?</h3>

A barter transaction entails two parties and involves the exchange of one basket of products and services for another basket including other commodities and services. without a related monetary payment.
In the alternative trading system of barter, products and services are traded directly for one another without the use of money as a middleman. For instance, a farmer may trade a pair of shoes from a shoemaker for a bushel of wheat.
Several different kinds of barter exchanges are briefly described and explained here.
Direct bartering is the direct exchange of goods or services between two or more parties.
retail barter is exchanged between small enterprises through a trade exchange that is locally arranged.

To learn more about barter transaction refer to:

brainly.com/question/1296806

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8 0

1 year ago

Which of the following is not correct?

SCORPION-xisa [38]

Answer:

d

Explanation:

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region

Antitrust laws prevents mergers that would make the market less competitive. Thus, their aim is to increase social welfare

5 0

3 years ago

(1) Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will

snow_lady [41]

Answer:

<u>1) reduce</u>

<u>2) increase</u>

<u>3) a, b</u>

<u>Explanation:</u>

1. This would reduce the demand for steel workers because the steel serves as the company's output. Since low price of output means low profit, which leads to low demand for labor.

2. Increase in the demand for automobile workers would be observed because the cost of materials are now cheaper; Implying more profit for companies and thus more demand for labor.

3. Giving unemployment insurance benefits is one best method to reduce this type of unemployment. Also facilitating a widely used job-search website could help.

7 0

3 years ago

Read 2 more answers

Why can we be confident that the market for college education is competitive and that an increase in demand rather than the gree

makvit [3.9K]

Question Completion:

A. if college administrators raised the tuition with no change in supply, a surplus of college places would be created at the higher tuition, and the tuition would start to fall

B. the law of demand does not hold

C. more than 4,500 public and private 2-year and 4-year schools supply college education services

D. an increase in demand raises the tuition and increases the enrollment, which accurately describes the market for college education

Answer:

We can be confident that the market for college education is competitive and that an increase in demand rather than the greed of college administrators is the reason for the ongoing rise in tuition for all of the following reasons except _______.

B. the law of demand does not hold

Explanation:

The law of demand implies that the price of a good or service responds to the level of demand. In other words, higher demand increases the price, while lower demand reduces the price. This implies that without the higher demand for college education, college administrators will not be able to sustain an increase in tuition. Therefore, an increase in the demand for college education will lead to increased enrollment, which spurs college administrators to raise tuition.

5 0

3 years ago

Land, buildings and equipment are acquired for a lump sum of $ 850 comma 000. The market values of the three assets are, respec

Elodia [21]

Answer: $168,131.87

Explanation:

In such a Scenario where a group of Fixed Assets were purchased for a lump sum amount and the individual figures are needed for proper accounting records, the market values of the component assets can be used to determine how the lump sum should be apportioned.

This can be done using the following formula,

=(Lump sum amount/ Sum of market values) x Market value of fixed asset

The Asset in question here is the Equipment.

The total sum of the Market Values is,

= 250,000 + 480,000 + 180,000

= $910,000

The market value of the Equipment is $180,000 and the lump sum was $850,000.

The cost of Equipment will therefore be,

=(Lump sum amount/ Sum of market values) x Market value of fixed asset

= (850,000 / 910,000) * 180,000

= $168,131.87

8 0

4 years ago