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Dvinal [7]
2 years ago
10

In exchange for manufactured goods, Native Americans in the West often traded sheep. Cattle. Furs. Guns.

Business
1 answer:
Olenka [21]2 years ago
4 0

The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.

Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.

<h3>Barter System</h3>

  • The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.

  • The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.

  • The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.

Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.

Learn more about barter system here:

brainly.com/question/1888121

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Antonio has $11.00 to spend on a lunch consisting of hamburgers ($1.50 each) and French fries ($1.00 per order). Antonio's satis
saveliy_v [14]

Answer: <em>$4. 71 hamburger and $6.29 French fries. </em>

Explanation:

Total spendable income of Antonio = $11.00  

1 hamburger = $1.50

1 order of French fries = $1.00

Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries

Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00

                                                                                      = $3.50 per lunch  

Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71

And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29

<em>Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries. </em>

3 0
3 years ago
Why might an older person invest in conservative investment portfolio? a.Because an older person has less time to make up for ba
Musya8 [376]
The correct answer is <span>a.Because an older person has less time to make up for bad investments

Young people have their entire life to fix their bad investments and can invest into new things that are up and coming and developing. Older people don't have time for that and have to approach investments differently.</span>
4 0
3 years ago
some of the ways that unfair and fraudulent practices can arise in financial transactions include ______________________________
iogann1982 [59]

Answer:

Corruption, bribery

Explanation:

Hope im correct

8 0
3 years ago
Which of the following is contracting of noncore operations or jobs from internal production within a business to an external en
AURORKA [14]

Answer:

Option A

Explanation:

The correct answer is Option A

Outsourcing is the process of hiring the party from outside to perform certain services and goods which is not being produced by the in house company.

Outsourcing activity includes supply chain management, resource management, customer support, finance, marketing, etc.

So, Contracting noncore operations job is to an external entity is known as Outsourcing.

8 0
4 years ago
Exercise 169 Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assem
Alchen [17]

Answer:

1. Assembly line wages - Direct labor, manufacturing cost

2. Raw material used directly in product - Direct material, manufacturing cost

3. Depreciation on office equipment - In direct, Administrative cost

4. Property tax on factory building - Indirect, Manufacturing cost

6. Sales commission - Selling cost

7. Depreciation on factory equipment - Direct, Manufacturing cost

8. Factory utilities - Administrative cost

9. Wages for factory maintenance workers - Direct, Manufacturing cost

10. Advertising - Selling cost

11. Indirect material used in production - Indirect, Manufacturing cost

12. Factory manager's salary - Administrative cost

Explanation:

The cost which is affected by the production of units is known as variable cost. The cost which does not vary with the units produced is fixed cost.

The costs which are related to selling and storage of the finished goods is selling cost. The cost which is not affected by units produced and is related to office premises and controlling an organization is administrative cost. The cost which varies with the production of units and is incurred to convert raw material into finished goods is manufacturing cost.

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