1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimaraw [331]
3 years ago
13

Suppose after the semester ends, you take a trip to an Island of Vieques. Upon arriving at the island, you make a stop at one of

the markets and notice that everyone is carrying around jars full of cowry shells. You also notice the person in line in front of you just paid for a twelve-pack old Milwaukee beer with 8 cowry shells. Someone else just bought a Whopper Pizza Combo for 6 cowry shells. Thinking back to your economics class (as painful as that may be), you would conclude that
a) this is a barter economy.
b) those cowry shells are serving as money.
c) cowry shells are valueless.
d) cowry shells soup is a delicacy.
Business
1 answer:
Elenna [48]3 years ago
8 0
A) this is a barter
You might be interested in
Lipstik, Inc. makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying o
Zanzabum

Answer:

Fraud.

Explanation:

Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.

In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.

Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.

8 0
2 years ago
According to the california insurance code, what is the maximum penalty per violation for anyone who unwillfully commits an unfa
morpeh [17]
Accord According to the California Insurance Code, any individual who unwilfully takes part in an out of line strategy for rivalry is obligated to the state for a fine of up to $5,000 per infringement. In the event that the demonstration is resolved to be headstrong, the fine won't surpass $10,000 per act.
4 0
3 years ago
Which of the following is an example of the law of diminishing marginal​ returns? A. Holding capital​ constant, when the amount
Irina-Kira [14]

Answer:

The correct answer is option A.

Explanation:

The law of diminishing returns states that as we go on employing more and more unit of input while keeping other inputs constant, the return from each additional unit of input will go on declining.  

This means that the output produced from each additional unit of input will go on declining.

Here, as capital is kept constant and labor is increased by a unit, the output at first increases by 5 units from 20 to 25. But later when input is again increased by a unit, the output increase by only 3 units from 25 to 28.

This shows the law of diminishing marginal returns where the marginal returns from a unit of labor is declining.

3 0
3 years ago
A standard "money demand" function used by macroeconomists has the form ln( ) = + ln( ) + m β , 0 β1 GDP β2R Where m is the quan
kvasek [131]

Answer:

1.The money demand will rise by 1.154%

2. The money demanded will fall and for a 1% increase in interest , the money demanded will fall by 0.38%

Explanation:

1. Money demand function

ln(m) = β0 +β1 ln(GDP)+β2R

Suppose β1 = 1.5 , β2 = −0.04 , GDP = $ 100 & R = 3%

ln(m) = 1.5 ln ($100) - 0.04 X 0.03

ln(m) = 6.91

m = 1002.247

Suppose the GDP increases by 1%; the new GDP will be = $ 101  

ln(m) = 1.5 ln ($101) - 0.04 X 0.03

ln(m) = 6.92

m = 1013.81

If the GDP increases by 1% ,the money demand will rise by 1.154%

2.

If the interest rate increases from 3% to 4%

ln(m) = 1.5 ln ($100) - 0.04 X 0.04  

ln(m) = 6.906155

m = $ 998.400

If the interest rate rises from 3% to 4% , the money demanded will fall and for a 1% increase in interest , the money demanded will fall by 0.38%

3 0
3 years ago
What is the difference between training and development?...
gtnhenbr [62]
Training is working hard and development is getting better
6 0
3 years ago
Read 2 more answers
Other questions:
  • The use of a part-time workforce to increase the capacity flexibility by enabling the firm to have more people at work during pe
    7·1 answer
  • A manufacturing firm is deciding whether or not to invest in a new printer that needs an initial investment of $150,000. The inv
    8·1 answer
  • In a 1953 speech, President Dwight Eisenhower listed some things that cost about as much as "one modern heavy-duty bomber": a mo
    6·1 answer
  • Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.
    7·1 answer
  • A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television
    14·1 answer
  • All of the following are good choices to search for potential scholarships except:
    9·2 answers
  • A student copies information from a website into a term paper without giving credit. This action is most strongly related to whi
    11·2 answers
  • In which scenario do most homeowners use the equity in their home?
    14·1 answer
  • A scale used to weigh produce at a market has markings every 0.1 kg. which measurement for the mass of a dozen apples is correct
    15·1 answer
  • Which of the following is a benefit of insurance?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!