About use of money-medium of exchange-store of value

Assignment Help Business Economics
Reference no: EM13839392

Find an article to show about the use of money and answer the following question:

Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. Which one of those functions does it show? The event may have occurred in the past, may be expected to occur in the future, or may be a current event.

Reference no: EM13839392

Questions Cloud

Marginal rate of product substitution is the rate : The Marginal Rate of Product Substitution (MRPS) is the rate that one output must be decreased as production of the other output is increased. The most common form of MRPS is?
Buying and selling of human organs is illegal : In the USA buying and selling of human organs is illegal. Those who need organs cannot buy organs from the market and those who donate organs cannot sell their organs. In your diagram show the effect of this policy change. Will this policy increase t..
Cause a shift in the production possibilities curve : Identify the two events that can cause a shift in the Production Possibilities curve.
Scale effect change firms employment and capital stock : Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. In which direction will the substitution effect..
About use of money-medium of exchange-store of value : Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. Which one of those functions does it show? The event may have occurred in the p..
Dangers of high debt to gdp ratio and growing budget deficit : Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. Assume that the country is in a budget deficit and carrying a..
Identify the element of moral judgment : From your personal experience, discuss a situation you have faced that would require one of the six elements of moral judgment. Identify the element of moral judgment you chose and justify your response.
Assume that nations marginal propensity to consume : Assume that a nation’s marginal propensity to consume is 0.9, and that its potential GDP exceeds its actual real GDP by $5000. By how much should that nations government change taxes in order to completely close that GDP gap?

Reviews

Write a Review

Business Economics Questions & Answers

  Assume the price of large gulf shrimp

Assume the price of large gulf shrimp is $18 per pound and that the price of hard shell Maine lobster tails is $36 per pound. Your professor uses ½ pound of lobster or ½ pound of shrimp with various pasta dishes. In a typical month he cooks 4 shrimp/..

  Choose a product or a product line that comes from a small

choose a product or a product line that comes from a small to medium sized company that may or may not already be

  Qbusinesses have to make many financial decisions that have

q.businesses have to make many financial decisions that have a direct impact on operations and the ability to

  Andreas four year university degree

She is considering quitting her job and going to university full time for four years.

  Demonstrate the impact of a government price control sett

Demonstrate the impact of a government price control set at P = $10. Demonstrate by number and in the graph. Discuss your answer.

  Proportional tax must be just affordable under lump-sum tax

Show that the consumer is better off with a lump-sum tax rather than a proportional tax on wage income given that either tax yields the same revenue for the government. You must use a diagram to show this. (Hint: the consumption bundle the consumer c..

  Explain how to split the total profits

If the two firms could collude and agree on Explain how to split the total profits, Illustrate what outcome would they pick.

  Q1 you have used particular bras well as well as type of

q1. you have used particular bras well as well as type of sunscreen for several years but after discovering that some

  What will be the economic order quantity

If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?

  Explain how does this relate to the idea

Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.

  Compare and contrast the exchange rate systems

Compare and contrast the following exchange rate systems:

  What is the opportunity cost of adding an additional

As per to the production possibilities curve above, what is the opportunity cost of adding an additional 100 jars of guava jelly in an economy that is already producing 200 jars of guava jelly.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd