Answer:
Commodity money
Explanation:
Money
This is simply defines as anything that is used by humans as a means exchange. This means of exchange is usually accepted as payment
3 basic functions of money
1. Unit of account used in measuring the value of things
2. Store of value covers item that has value over time
3. Medium of exchange termed as means of payment
Commodity money
This is a type of money that has its own separate value apart from its use as money. Common example is cigarettes in prison.
restorative
by him sleeping an extra 4 hours he is trying to restore his strength he had lost after working out with the soccer match (used to play soccer and it's hard on the body) and how he feels in general.
Visualization of concepts is one important means of understanding economics.
Hope this helps!
<u>Experience machine
</u>
This is a thought experiment and it was put forward by the philosopher Nozick in this experiment he describes by imagining a choice between everyday life and reality. In this theory the main concept which is explained is the theory of hedonism and it explains that pleasure is good.
A machine is imagined that could give as anything desirable and can give us anything that we want. He puts forward an argument if pleasure is an intrinsic value then people would be hooked up with it and experience machine that would produce the favorable sensations.
