How to reduce the costs of making transactions

Assignment Help Microeconomics
Reference no: EM13187283

How does the existence of money reduce the costs of making transactions ,relative to a society based entirely on barter?English is becoming the usual language for international transactions, even if the language of neither country is English.How does this reduce the cost of transacting.

Reference no: EM13187283

Questions Cloud

Top management team : The company is looking to bring in a new, top management team. Employees who consistently remained with the organization are valuable assets because the longer they stay on the job, the more opportunity they have to learn and grow as individual and b..
Define balanced net ionic equation for the reaction : the balanced net ionic equation for the reaction that takes place in aqueous solution between hydrogen peroxide and potassium iodide to make potassium hydroxide and molecular iodine.
Attitudes expressed in ming fiction : According to the text, values and attitudes expressed in Ming fiction and plays began to have an impact on the culture of the literati. How?
State balanced net ionic equation for the reactions : Write balanced net ionic equation for the reactions that take place when the following reagents are mixed together in aqueous solution:
How to reduce the costs of making transactions : How does the existence of money reduce the costs of making transactions ,relative to a society based entirely on barter. English is becoming the usual language for international transactions, even if the language of neither country is English.How ..
What is the activity of the sample in bq : A Geiger-Muller well detector has a dead time of .25 ms, a geometric efficiency of 93%, and an internal eficiency of 89%. With no sample in the detector, it registers 232 counts in 1 minute.
Explain the proton-proton coupling constants for diethyl : Assume the proton-proton coupling constants for diethyl ether is 10 Hz. Draw the splitting trees for each of the multiplets in the spectrum(there are two, one triplet and one quartet).
How much alpha energy was absorbed : The efficiency of a scintillation detector is 5.1%. It absorbs alpha radiaion, producing 41,100 photons of average wavelength 4800 angstroms. How much alpha energy was absorbed?
Use the critical value approach : Is there any difference between the proportion of americans who wish they were rich and the proportion of Canadians who wish they were rich ? A random sample of Americans showed that 550 wish they were rich, while a random sample of 500 Canadians ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Identify the market structure in which organizations compete

You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive stra..

  What are brand extensions

Are brand extensions an important brand-growth strategy or can they endanger brands? Perhaps start with a definition of brand extensions?

  Find the confidence interval for the population mean

What is the approximate p-value of this hypothesis and find the confidence interval for the population mean

  What is the exact slope of the graph

when a variable grows at constant rate, then the graph of the ln of the variable is a linear function of time, with slope that is approximately equal to the growth rate of the original variable (when that growth rate is small). Usin..

  What happens to the afc per paper

what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs?

  What would be hte total social surplus

Consider another policy where the government could impose a price ceiling p on the monopolist. If the government were interested in maximizing social surplus, what would be the optimal value of p when considered from the point of view of the gover..

  Explain essay case on business law

Dundee argues that the situation in Oklahoma City was desperate, and that Lindenwood could have tried to locate other suppliers of the lumber to meet its lumber needs. The case is tried before you, the Circuit Court of St. Charles County.

  Charge of development for your housing nonprofit

Charge of development for your housing nonprofit and assuming that your non-profit is risk-neutral, which grant should you apply for

  Microeconomic monopoly

What are the profit-maximizing price and quantity? What will be the profits at these price and output levels?

  Calculate the degree of operating leverage

What is DynaLinear's breakeven sales volume (in units) for converters and calculate the degree of operating leverage at a projected volume of 14,000 units and explain what the DOL means.

  Why would chrysler have instituted this production change

Explain why Chrysler's decision might have been prompted by movements in its wage costs or capital costs, or both. Why would Chrysler have instituted this production change for its most popular

  How velocity is affected by an increase in real income

Determine how velocity is affected by an increase in real income (Y), an increase in the nominal interest rate, and an increase in the price level.

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