subject
Business, 23.12.2019 20:31 hfkdnd

Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services, so it would be common to use, say, 50 yollars to buy a pair of shoes; (2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and (3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours. in this economy,

a. the yardstick is a medium of exchange but it cannot serve as a unit of account.
b. the yollar is a unit of account, but it is not a medium of exchange and it is not a liquid asset.
c. the yardstick is a unit of account but it cannot serve as a store of value.
d. the yardstick is a medium of exchange but it cannot serve as a store of value, and the yollar is a unit of account.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:20
Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
question
Business, 22.06.2019 15:30
Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered
Answers: 2
question
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
You know the right answer?
Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give...
Questions
question
Mathematics, 24.04.2021 01:10
question
Social Studies, 24.04.2021 01:10
question
Mathematics, 24.04.2021 01:10
question
English, 24.04.2021 01:10
Questions on the website: 13722363