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Klio2033 [76]
2 years ago
8

Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:

Business
1 answer:
Zina [86]2 years ago
8 0

Answer: unit of account

Explanation:

The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

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In making rational choices, which of the following is true? a. We respond to marginal benefits and marginal costs. b. We do not
serg [7]

Answer:

The correct answer is letter "A": We respond to marginal benefits and marginal costs.

Explanation:

Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.

8 0
3 years ago
What is culture?????????
babymother [125]

Culture is a set of behaviors, beliefs, and customs that are unique to a specific group of people.

People who hold these beliefs and customs are of also often referred to as a culture. The traditions and practices of a culture are passed from one generation to the next, and they provide people with a structure and set of values for living.

Understanding culture is important in a healthcare setting because culture is a central aspect of a patient's life. Many areas of life are influenced by culture: language, family and other social relationships, education, career choice, spiritual or religious beliefs, food preferences, health beliefs, and healthcare methods.

6 0
2 years ago
A 10-year (zero-coupon) Treasury bill with face value of $100 per share is selling at $70.89 per share. There is a 10-year corpo
olga55 [171]

Answer:

3.5%

Explanation:

the yield to maturity of a zero coupon bond is calculated using the following formula:

YTM = (face value / current market value)¹/ⁿ - 1

YTM = ($100 / $70.89) ¹/¹⁰ - 1 = 3.5%

the way you can check if your calculations were correct is to find the future value of the bond using the YTM = $70.89 x (1 + 3.5)¹⁰ = $99.997 ≈ $100

7 0
2 years ago
The total product curve: a. will become flatter as output increases if there are diminishing returns to the variable input. b. w
Vinvika [58]

Answer:

B) Will become flatter as output increases if there are diminishing returns to the variable input

Explanation:

8 0
3 years ago
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Anestetic [448]

Answer:

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

Euros 512100  

   

dólar 1 1,0242 euros

         x 512100  euros

   

x= 500.000  

7 0
3 years ago
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