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ozzi
3 years ago
15

5. In war time conditions, cigarettes have been used as money. What disadvantage do cigarettes have for trading compared with no

tes and coins? *​
Business
1 answer:
ICE Princess25 [194]3 years ago
6 0

Answer:

The main disadvantage that cigarettes have over notes or coins is that they wear out more easily.

Explanation:

Cigarettes can fulfill the three functions of money: they can work as unit of account, as store of value, and as medium of exchange.

They are a commodity that is valued by many people, they are easy to carry, and they are easy to manufacture.

The problem is that they can easily wear out, break down, splinter, and so on, meaning that as money supply, they leave the monetary market more quickly, making the monetary market more unstable and more prone to imbalances and price changes.

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describe how a company would balance the tradeoff between cost and speed when selecting a shipping method
Zielflug [23.3K]

Answer: The opportunity cost is the most desirable trade-off.

Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.

While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.

Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost.  So we can say that they are the most desirable trade-off.

6 0
3 years ago
What is word processing
soldier1979 [14.2K]

Explanation:

Word processing software is used to manipulate a text document, such as a resume or a report. ... Creating, editing, saving and printing documents. Copying, pasting, moving and deleting text within a document. Formatting text, such as font type, bolding, underlining or italicizing.

7 0
3 years ago
Read 2 more answers
Identify which of the arguments for restricting trade that each of the following rebuttals directs against. Rebuttals The Jobs A
Natali [406]

Answer:

(A) The gains of the consumers from buying imports at the low price subsidized by foreign governments would exceed the losses of domestic producers.

The Unfair-Competition Argument

(B) Companies may exaggerate the degree to which their products are essential to national defense in order to obtain protection from foreign competition at the expense of consumers.

The Protection-as-a-Bargaining-Chip Argument

(C) The country may be forced into deciding between implementing trade restrictions as threatened, which would make the society as a whole worse off, or backing down on its own threat, which would cause it to lose credibility in foreign affairs.

The Infant-Industry Argument

(D) Opening up to free trade may impose hardship on some workers in the short run, but it also creates jobs in industries in which the country has a comparative advantage and enables the country as a whole to enjoy a higher standard of living.

The Jobs Argument

Explanation:

6 0
4 years ago
During the recession witnessed in early 2001, many firms laid off their employees and downsized. the reason for this decrease in
nevsk [136]
<span>During the recession witnessed in early 2001, many firms laid off their employees and downsized. The reason for the downsizing of employees from these firms in 2001 was the incompetency and poor performance of the employees. It may sound mean but to the company, this is advantageous since they can reduce the costing while at the same time maintain or increase the final goods.</span>
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3 years ago
For a market to be competitive:a. each buyer and seller is small, relative to the whole market; no single decision-maker has any
kirill115 [55]

Answer: Option (A) is correct.

Explanation:

Each of the buyer and seller are small when we are relating it with the whole market. so, there will be no power in the hands of a single decision maker and if a firm wants to change their prices then it will not have any influence on the market price. In a competitive market, there are large number of buyers and sellers, thus, one buyer or seller doesn't have any impact on the market price.

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4 years ago
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