Goods, Services, and Taxes
Luxurious silks,
spices
,
incense
, and the like counted among the Byzantine and early Islamic period’s most desired goods. Silk was particularly prized by both the Byzantine and
Sasanian courts
. Significant quantities of it outside the Middle East attest to the material’s inherently high value and to the reach of its appeal. For instance, extraordinary silks survive as the linings of reliquaries in European treasuries; equally impressive are pieces wrapping the bodies of mummies found in China. Byzantine and Sasanian silks have been
discovered in graves
in
Egypt
, showing the taste for the material among local, upper-class populations (
15.109
). Silk’s role as a valuable commodity ensured that its production continued for several centuries. Examples with
classical imagery
featuring crosses and Arabic inscriptions show the enduring popularity of older motifs (
Answer:
Most economists think that the rise in the demand for cash is caused by the rise of the underground economy and the use of U.S. currency as a store of value.
Explanation:
The US dollar is the currency most used as an international monetary reference in the world, along with other currencies such as the Euro, the Yen, the Yuan and the British Pound, although all of these are used in a smaller proportion than the currency of the United States.
In many countries that do not have a strong local currency, or even in nations with stable but not internationally relevant currencies, citizens save in US dollars, because US dollars guarantee savings stability that other currencies, due to their volatility, cannot guarantee. Therefore, there is a large amount of cash that is outside the United States, in bank deposits or even domestic savings of millions of people around the world, which increases the demand for cash.
Answer:
While Fred is telling a story to Priya at lunch time, he notices that she looks bored, so he quickly livens up his story with a humorous twist and she begins laughing. As indicated by the transactive model of communication, this demonstrates that communication is a simultaneous process.
Explanation:
According to the transactional model, which differs from the linear model, communication is a simultaneous process where some participants, known as communicators, interact in a specific environment, which corresponds to more than just physical location, including life and cultural experiences. In the example, it is evident how there is a simultaneous change in the communication between Fred and Priya.
Answer: Income effect refers to the change in an income earned by an individual and with a percentage change upward or downward impacts consumer buying/ purchasing power of it
Explanation: You didn't put the answer choices so ii couldn't tell you exactly which one.
