Each of the following has been used as money at some time in the past. Comment on
Question:
a. Gold or silver
b. Cigarettes
c. Salt
d. Native American beads
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (15 reviews)
a Gold or silver is reasonably easily divisible so it acts as a unit of account Since it has an intr...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
5.00+
120+ Reviews
150+ Question Solved
Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
Question Posted:
Students also viewed these Chemical Engineering questions
-
Each of the following compounds has been prepared from o-anisidine (o-methoxyaniline). Outline a series of steps leading to each one. (a) o-Bromoanisole (d) 3-Fluoro-4-methoxybenzonitrile (b)...
-
Each of the following reactions has been described in the chemical literature and involves an organic starting material somewhat more complex than those we have encountered so far. Nevertheless, on...
-
Each of the following alcohols has been subjected to acidcatalyzed dehydration and yields a mixture of two isomeric alkenes. Identify the two alkenes in each case, and predict which one is the major...
-
Write the C++ code for a function that receives an integer, a double number, and the address of a double variable from the calling statement. The function should multiply the integer by the double...
-
Regardless of the cost formula being used (FIFO, average cost, specific identification), the sum of cost of sales plus ending inventory will be the same. Explain why.
-
How does Philip Morris handle the sensitive issues associated with marketing tobacco? What kind of information does its web site at http://www.philipmorris.com/ provide about smoking and its negative...
-
With reference to Exercise 11.50, test \(ho=0\) against \(ho eq 0\) at \(\alpha=0.05\). Data From Exercise 11.50 11.50 The following data pertain to the processing speed (GHz) of a computer and the...
-
Cummings Inc. had the following reconciliation at December 31, 2017: Fair value of plan assets.......................$5,000 PBO...............................................4,200 Funded...
-
1. $3,800+ ($8,000) =$ (-4,200) Netting of long term capital gains and losses ($2,400) + 2,000 + ($500) = $ (-900) Netting of short term capital gains and losses (-4,200) + (-900) = $(-5,100) Netting...
-
You are hired by one of the leading news channels CNBE who wants to analyze recent elections. This survey was conducted on 1525 voters with 9 variables. You have to build a model, to predict which...
-
List the components of M1 and M2.
-
People living in Yap, an island group in the Pacific, at one time used as money large stone disks known as Rai. These disks can be up to 12 feet in diameter and were made of a stone that is not...
-
An investment manager is currently evaluating a project that requires an initial investment of $10,000 and will provide future cash flows that have a present value of $17,000. Required Calculate the...
-
A small cart rolls freely along the floor. As it rolls, balls of clay, each having one-fourth the mass of the cart, are dropped straight down onto the cart and stick to it. How many balls must be...
-
In the hammer throw, an\(\mathbb{N T}\) athlete spins a heavy mass in a circle at the end of a cable before releasing it for distance. For male athletes, the "hammer" is a mass of \(7.3...
-
Football players measure their acceleration by seeing how fast they can sprint 40 yards \((37 \mathrm{~m})\). A zippy player can, from a standing start, run 40 yards in \(4.1 \mathrm{~s}\), reaching...
-
A \(20 \mathrm{~g}\) ball of clay traveling east at \(3.0 \mathrm{~m} / \mathrm{s}\) collides with a \(30 \mathrm{~g}\) ball of clay traveling north at \(2.0 \mathrm{~m} / \mathrm{s}\). What are the...
-
A typical raindrop is much more massive than a mosquito and \(\mathrm{BO}\) falling much faster than a mosquito flies. How does a mosquito survive the impact? Recent research has found that the...
-
On 18 December 20X1, Kushner Construction Ltd. leased a crane from Schultz Equipment Inc. for use in a building project. The lease is for three years. The lease commences on 1 January 20X2. Annual...
-
For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?
-
Scarlett loves songs about pirates. Her parents give her money each month, and their objective is to keep her utility level roughly constant from month to month. So when the price of online pirate...
-
A few years ago Amazon.com introduced free shipping for U.S. orders over $25. A consumer who bought a single book for less than $25 would pay about $4 in shipping, but if adding a second book to the...
-
1. The total utility curve shows the relationship between _______on the horizontal axis and _______on the vertical axis. 2. In Figure, if the total utility from seven songs is 41 utils, the marginal...
-
The setting of a piece of literature may be an important factor that influences the actions of the characters. Two literary works in which the setting plays an important role are The Story of an Hour...
-
Water is flowing in the pipe shown in the figure below, with the 8.45-cm diameter at point 1 tapering to 3.60 cm at point 2, located y = 13.0 cm below point 1. (a) point 1 m/s (b) point 2 m/s
-
A certain target is bombarded by electrons in an x-ray tube. The K, L, and M energy levels have energies 84.7, 14.3, and 2.97 keV, respectively. (a) What is the minimum value of the accelerating...
Study smarter with the SolutionInn App