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Which scenario best demonstrates the function of money as a measure of value? a. Joel has been keeping his spare change in a jar for months. he decides to cash it in, so he takes it to the bank. he gets a crisp 20 dollar bill in exchange for his collection of coins. B. lin has been saving 10 dollars a week for college for 10 years. when she counts her savings, she fiends 5,200$ to help pay for school C. Marin earns 10 dollars raking leaves. she saves the money to buy the latest mystery novel in her favorite series. D. Sharad decides to offer his services as a typist. he asks for $3 per page. a new client prefers $2 per page. They settle at $2.50 per page.


I believe the correct answer from the choices listed above is option D. The scenario that demonstrates the function of money as a measure of value would be that Sharad decides to offer his services as a typist. he asks for $3 per page. a new client prefers $2 per page. They settle at $2.50 per page. Closely linked with the service of money as a medium of exchange is its function as a measure of value.


Related Questions

Posted in Business

Suppose that Eric, an economist from a business school in Georgia, and Ginny, an economist from a public television program, are arguing over saving incentives. The following dialogue shows an excerpt from their debate: Ginny: I think it’s safe to say that, in general, the savings rate of households in today’s economy is much lower than it really needs to be to sustain the improvement of living standards. Eric: I think a switch from the income tax to a consumption tax would bring growth in living standards. Ginny: You really think households would change their saving behavior enough in response to this to make a difference? Because I don’t. The disagreement between these economists is most likely due to _____ . A. Difference in values B. Difference in scientific judgements C. Difference in perception versus reality Despite their differences, with which proposition are two economists chosen at random most likely to agree? A. Employers should not be restricted from outsourcing work to foreign nations. B. Central banks should focus more on maintaining low unemployment than on maintaining low inflation. C. Business managers can raise profit more easily by reducing costs than by raising revenue.

Correct option: Difference in scientific judgements

Both Eric and Ginny are from different backgrounds are working at the different levels of economic understanding. They have different skills sets, values and thought process for the same economic problem. Therefore, there is a difference in scientific judgement.

Correct Option A: Employers should not be restricted from outsourcing work to foreign nations.

The fundamental of economics suggest to make the best use of available resources. It suggests that if the cheap and qualified laborers are available abroad, no economy should hesitate in hiring them. It improves the profitability of the companies and make the product and services cheaper for everyone.


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Voluntary exchanges happen when both parties expect to _____. gain lose barter

I think the correct answer from the choices listed above is the third option. Voluntary exchanges happen when both parties expect to barter. It would be that both gain something from it so an exchange happens. Hope this answers the question.

Posted in Business

Consumers demand more shoes than sellers are willing to supply, at the given price. This means that there is a(n) _____ of shoes. surplus shortage equilibrium

I believe the correct answer from the choices listed above is the second option. Consumers demand more shoes than sellers are willing to supply, at the given price. This means that there is a shortage of shoes.  A shortage occurs whenever quantity demanded is greater than quantity supplied at the market price.

Posted in Business

You go to the bank to trade a dirty dollar for a new, clean one. The cashier tells you the trade is not necessary because currency is divisible scarce portable stable in value

I believe the correct answer from the choices listed above is the last option. You go to the bank to trade a dirty dollar for a new, clean one. The cashier tells you the trade is not necessary because currency is stable in value. It does not change the monetary value of the bill. Hope this answers the question.

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Assume the market for spiral bound notebooks is in equilibrium. All students in public schools need notebooks of some type when they attend classes. For each of the following, explain the possible effects on demand and/or supply and equilibrium price and quantity of spiral bound notebooks using a correctly labeled supply and demand graph with equilibrium price and quantity labeled. Under your hand-drawn graph, list the determinant of supply and/or demand that causes each shift as well as the change in price and quantity. a) The price of natural gas, a resource used by manufacturers throughout the United States, doubles. b) The government provides a subsidy for notebook manufacturers. c) Your income increases and spiral bound notebooks are an inferior good.

 a) If energy prices go up, manufacturing costs go up, which ultimately increases the price of the notebook. This will also most likely lead to a decrease in quantity, as the manufacturing cost per unit is higher. This is a supply determinant. 

b) In theory, the subsidy reduces the cost per unit to the manufacturer, which increases supply and often reduces price, again being a supply-side determinant. In reality, it creates an incentive for notebook manufacturers to keep doing what they are doing, disincentivizing cost-saving developments and alternatives. Why innovate when you can get free government cheese? 
Anyway, supply determinant. 

c) The price of an inferior good increasing tends to push some demand for superior goods, especially when the income to cost of good ratio remains the same for the inferior good but gets better for the superior one. Demand determinant. 

Posted in Business

A token economy incorporates _____ to modify behaviors by reinforcing desired behaviors with tokens that can be exchanged for various treats.

A token economy incorporates operant conditioning procedures to modify behaviors by reinforcing desired behaviors with tokens that can be exchanged for various treats.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

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If the Federal Reserve sells $50,000 in Treasury bonds to a bank at 6% interest, what is the immediate effect on the money supply

APEX verified answer <3

Answer- it is decreased by $50,000

i really hope this helps just got the right answer on apex quiz 1.2.3 <3 <3

Posted in Business

$700 principal earning 5%, compounded monthly, after 9 years

B=P(1+r/n)^nt 

B=Balance 
P=Principle 
R=rate 
n=number of times compounded per year 
t=number of years 

Plug in the values.

I hope my answers has come to your help. God bless and have a nice day ahead!

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Suppose that you took out a loan with a principal of $24,680. To pay off the principal and the interest, you made quarterly payments of $1,382 for six years. Furthermore, you paid a service charge of $396. What was your total finance charge? a. $396 b. $8,488 c. $8,884 d. $8,292

The solution to the problem is as follows:

$1382*24 (4 payments per year * 6 years)=$33,168+$396=$33,564 (Total)

$33,564-$24,680=$8,884
 
Therefore the total finance charge is c.$8,884.

I hope my answer has come to your help. God bless and have a nice day ahead!

Posted in Business

Standards of performance, or "performance goals" are used to? A. Communicate nonverbally B. Determine a worker's attitude C. Measure effectiveness but not efficiency D. Measure Productivity

I think the correct answer from the choices listed above is option D. Standards of performance, or "performance goals" are used to measure an employee's performance against established standards. This process assesses employee job traits and/or behaviors.

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Which of the following is a tax incentive? A.a tax on imported goods B.a set amount that you subtract from your gross income for yourself and any dependents C.taking tax payments out of an employee’s pay before he or she receives it D.the use of taxation to encourage or discourage certain behaviors

The answer is "D.the use of taxation to encourage or discourage certain behaviors".


A tax incentive is an administration measure that is proposed to urge people and organizations to burn through cash or to set aside extra cash by decreasing the measure of assessment that they need to pay.  

Tax incentive are methods for lessening charges for organizations and people in return for explicit alluring activities or ventures on their parts. Their motivation is to empower those organizations and people to take part in conduct that is socially dependable or potentially benefits the network.

Posted in Business

Which of the following should be reduced to words or phrases in a keyword outline?

"You definitely want your main points and sub points to be broken down. Transitions are usually one sentence, so there's no real need to reduce it. The introduction and conclusion I usually keep as they are, since I want them to be as impactful as I wrote them. You can break the introduction down though. This one's tricky, sorry if I'm not much help!"

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True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. True/false 5. True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund. True/false

The statement "A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less" is true.

The statement "Buying a single company's stock usually provides a safer return than a stock mutual fund" is true.

Posted in Business

Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, would you have more than $102, exactly $102 or less than $102? More than $102 Less than $102 Exactly $102

Hey there! Hello!

For this problem, take the interest equation into account: I = Prt. I is the interest, P is the principal amount that will be invested, r is the rate of interest per year (expressed in decimal form, where 90% is 0.9, for example), and t is the amount of time. Let's solve the amount of money gained from interest after one year:

I = Prt
I=100*0.02*1
I=2

That means 2 dollars are earned after one year. If $102 is the total after one year, and interest is earned yearly, it surely can't be $102 at the end of five years. So, let's solve for five years this time:

I = Prt
I=100*0.02*5
I=10

So, at the end of five years, $110 will be earned. This is more than $102 dollars, meaning that your first answer choice is the correct one. 

Hope this helped you out! Feel free to ask me any additional questions you may have. :-)

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A small business loan is used to pay for the costs associated with starting your own company? True or false

Answer: True

Explanation:

A small business loan is known to be a loan given to an individual in order to start a business. The loan is used for running the day today activities of the business. The borrower that is the business owner reaches an agreement with the lender to repay the loan with interest over a specified period of time.

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Money market accounts Single stocks Bonds Mutual funds Fixed annuities Real estate For this assignment: Put the investments in order by least risk to greatest risk. You can list by letter only (for example: a, b, c, d, e, f). On a second line, order the investments by least return to greatest return. Again, you can list by letter only.

Investments in order by least risk to greatert risk.

1) Money market accounts
2) bonds
3) fixed annuities
4) mutual funds
5) real estate
6) single stocks

Money market - low risk, low return
Single stocks - high risk, 
Bonds - low risk, low return
Mutual funds - medium risk
Fixed annuities - high risk
Real estate - high risk

Usually low risk investments give out low but constant returns and high risk investments give out high returns. 

Posted in Business

Suppose that you took out a loan with a principal of $24,680. To pay off the principal and the interest, you made quarterly payments of $1,382 for six years. Furthermore, you paid a service charge of $396. What was your total finance charge? a. $396 b. $8,488 c. $8,884 d. $8,292

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Below is the solution:

$1382*24 (4 payments per year * 6 years)=$33,168+$396=$33,564 (Total)$33,564-$24,680=$8,884


Therefore the total finance charge is c.$8,884.

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What is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes?

excise tax, which is a federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes.

Posted in Business

Select the true statement about standards for weights and measures. Sales of products or services impacted by weights and measures laws in the US represent a small proportion of output. A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company. Companies owned by private individuals do not have to follow the standards. Standards often wind up discouraging the exchange of goods in the economy.

The answer is: A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.

In the before standard for weight and measures were created, commodities such as flour was sold using 'bags' as standard of measurement. This cause a lot of problems among buyers because many sellers put very little amount of flour inside one bag in order to obtain many profit

Because of such problems, Standard for weight and measures were invented so the sellers would not be able to cheat the buyers by less amount that they suppose to.

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