Suppose Canada makes baby beavers their legal currency. Surprisingly, everyone accepts baby beavers as payment and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose Canada makes baby beavers their legal currency. Surprisingly, everyone accepts baby beavers as payment and can be used to settle debts. Baby beavers are also the preferred method to compare good values. However, when the baby beavers grow up to adult beavers, they lose all their value. What is the one issue with using baby beavers as money in this situation? Poor store of value Poor medium of exchange. Poor standard of deferred payment Poor unit of accounting Suppose Canada makes baby beavers their legal currency. Surprisingly, everyone accepts baby beavers as payment and can be used to settle debts. Baby beavers are also the preferred method to compare good values. However, when the baby beavers grow up to adult beavers, they lose all their value. What is the one issue with using baby beavers as money in this situation? Poor store of value Poor medium of exchange. Poor standard of deferred payment Poor unit of accounting
Expert Answer:
Answer rating: 100% (QA)
Answer A poor store of value When a currency loses its store of value or more accurately when a curr... View the full answer
Related Book For
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Posted Date:
Students also viewed these economics questions
-
Find the parametric equations for the tangent line to the curve x = t* - 1, y = 1 + 1,z = 1? at the point (80, 82, 9). Use the variable t for your parameter. x=D y%3D Z =
-
For the first picture which would be the correct product? For the second picture what possible reagent could make the reaction true? HBr Br Br Br JII IV I xd OH OH
-
The titration of 42.35 mL of H2SO4 requires 21.17 mL of 0.5000 M NaOH for complete neutralization. Calculate the concentration of H2SO4. Why is the answer 0.1250 M H2SO4?
-
The bottle rests at a distance of 3 ft from the center of the horizontal platform. If the coefficient of static friction between the bottle and the platform is s = 0.3m determine the maximum speed...
-
A firm is interested in purchasing an interest rate cap from a bank. It has received an offer price from the bank but would like to determine if the price is fair. The cap will consist of two...
-
What is the distinguishing feature of how municipal bonds are taxed?
-
Identify and briefly explain the major differences in EDP controls in an online realtime system.
-
The stockholders equity accounts of Ashley Corporation on January 1, 2012, were as follows. Preferred Stock (8%, $50 par, cumulative, 10,000 shares authorized)..... $ 400,000 Common Stock ($1 stated...
-
Compare the advantages and disadvantages of using a Dutch Auction to a traditional underwriting method for an IPO. Identify one real-life IPO that occurred in 2020. (Not Airbnb) For this one IPO,...
-
A winery has the following capacity to produce an exclusive dinner wine at either of its two vineyards at the indicated costs: Four Italian restaurants around the country are interested in purchasing...
-
3. What is the yield to call (YTC) of a 30 year 8% bond selling for $940? The call deferment period for the bond is 10 years? Suppose you bought a 10 year 8% bond for $975. If you sold the bond for...
-
Inflation is involved and it has become a news headline, in your opinion, what is the cause of the rise in prices for commodities such as eggs, bread, and other staples?
-
what do you think the essence of the water and bubble experience was from these children's prespectives ?
-
What areas if any does US health care system outrank other countries? Do you feel that these strengths helps to validate the rising costs of health care ? Why or why not
-
If Macy's is considering or should consider a new entry, what guidelines should the firm follow for this new venture?
-
In what industry is Macy's Inc participating? Do they hold a large percentage of market share? In either scenario, how much market share does this firm currently hold?
-
Discussion Part 2C - Oakland Potholes READ THE ARTICLE IN THE WEEK 1 MODULE ABOUT THE COMMUNITY RESPONSES TO OAKLAND'S PLANS TO PRIORITIZE THE FILLING OF POTHOLES IN THE CITY. AS YOU DO SO, TAKE NOTE...
-
Define cultural intelligence. Cite the books or journal articles you found in Capella's library. Explain why cultural intelligence is important for HR practitioners and other organizational managers.
-
A factory manager is considering whether to replace a temperamental machine. A review of past records indicates the following probability distribution for the number of breakdowns of this machine in...
-
Use a simple regression model to test the hypothesis H0 : 1 = 0 versus H0 : 1 0 with = 0.05, given the following regression statistics. a. The sample size is 35, SST = 100,000, and the correlation...
-
A clinic offers a weight-loss program. A review of its records found the following amounts of weight loss, in pounds, for a random sample of 10 clients at the conclusion of the program: 18.2 25.9 6.3...
-
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring \(\ddot{x}+f \frac{\dot{x}}{|\dot{x}|}+\omega_{n}^{2} x=0\)
-
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring \(\ddot{x}+\omega_{0}^{2}\left(x-\frac{x^{3}}{6} ight)=0\)
-
Prove that, for the system considered in Section 13.5.1, the minimum value of \(\omega^{2}\) for which the amplitude of subharmonic oscillations \(A\) will have a real value is given by...
Study smarter with the SolutionInn App