Answer both the question with proper explanation . I will definitely give you a positive rating. 2.Which of the following must hold for fiat money to be a good store of value?It should be divisible.a.b.Price levels should be stable.C.It should be portable.d.It should be backed by a physical commodity.It should be intrinsically valuable. 8. If the government decides to finance a war by printing extra money, which of the followingwill occur?a.Interest rates will increaseb. Real output will increaseC The government's deficit will narrowd. The rate of inflation will increaseThe government's deficit will increasee.

We will answer the first question since the exact one was not specified. Please submit a new…

2. Which of the following must hold for fiat money to be a good store of value? a. It should be divisible. b. Price levels should be stable. It should be portable. с. d. It should be backed by a physical commodity. (e It should be intrinsically valuable.

2. Which of the following must hold for fiat money to be a good store of value? a. It should be divisible. b. Price levels should be stable. It should be portable. с. d. It should be backed by a physical commodity. (e It should be intrinsically valuable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: 1. You are the coordinator of a nonprofit that distributes donated items to three local homeless…

A: Since there are multiple questions, only the first question will be answered here. If you want…

Q: Freddie sees a watch for sale in the window of a shop with a price tag of $50 attached. Explain…

A: At the marketplace, there are different ways used by firms to attract consumers and to sell output…

Q: Explain the difference between a utility function and correspondence

A: A utility function in economics is a mathematical equation that explains how a person or a group of…

Q: You are considering two options for your next family vacation. You can visit Disney World or…

A: Expected utility is an idea in decision theory and economics that evaluates a singular's preferences…

Q: Why do economists say that people tend to be risk-averse?

A: Different individuals have different preferences towards risk or uncertainty. Most individuals are…

Q: A friend of yours mentions to you that his PIBP for a shirt is a range of $40-$50. What argumen can…

A: This answer is as follow

Q: We learned that we can use choice between a gamble over someone's best and worst outcomes and…

A: On a scale of (0 to 1 ) for utility let us consider the utility attained from best possible outcome…

Q: Jia is considering whether to go out to dinner at a restaurant with her friend. The meal is expected…

A: The individual is considering whether she should go out for dinner with her friend to a restaurant.…

Q: You are on a cruise in the Caribbean Sea, which cost $1,000. On this particular day you have the…

A: Cost refers to the expenditure or sacrifice, often in terms of money, time, resources, or effort,…

Q: Do you believe in the principles of behavioral economics as the new way to guide economic thought…

A: Behavioral economics is a new method of thinking that examines the common errors that consumers make…

Q: A recent trend in health insurance is the Health Savings Account (HSA). The idea behind Health…

A: Demand for healthcare refers to the level of consumption of healthcare by an individual in case of…

Q: Assume that prior to the Fall 2022 outbreak of respiratory illnesses, Covid, influenza, and…

A: Perfectly competitive firms are those that sell in a market with numerous buyers and sellers. The…

Q: You are in the market for a used 2006 Honda Accord. You know that half of the 2006 Accords are…

A: Externality:It is an economic problem when people take benefit from the economic goods. It is…

Q: In what way does strategic decisions different from other kinds of corporate decision?

A: 1. Strategic management is pretty important in today's corporate world as it allows corporations to…

Q: State the things that can support sari-sari stores in time of pandemic

A: Due to the COVID situations across the globe, most of the companies are facing issues in stability.…

Q: John has got a Billie Eilish concert ticket for $600. However, when he arrived at the concert venue,…

A: The price consumer pays for good based on the maximum willingness of consumer to pay for good.

Q: What is the matching concept?

A: The matching concept is an accounting practice whereby companies acknowledge revenue and related…

Q: Assume you have your car broken down just before the weekend. You value your weekend trip as much as…

A: Symmetric game is defined as a game where the pay-offs of a player depends on the strategies that…

Q: Your mother loves books. From an economist's perspective, what is the best gift from the list below,…

A: The resources which are present with the economies tend to be limited in nature, while people have…

Q: In 2-3 paragraphs, discuss how does case planning helps address a prisoner’s needs? Do you think it…

A: Case managers will foster treatment or case plans dependent on hazard/needs appraisals, authority…

Q: If it is impossible to acquire sufficient information to make an informed decision, what can be the…

A: If it is impossible to acquire sufficient information to make an informed decision, the least risky…

Q: Peer pressure is an important influence on the behavior of youngsters. For instance, many preteens…

A: The peer pressure is defined influence that has been created on an individual or a group of people…

Q: How does the implementation of behavioral economics principles influence the success of fundraising…

A: Behavioral economics is a field of study in economics that looks at the psychological, social, and…

Q: 2) To relieve stress, you have been told to not bottle up your anger but to let it out. A teakettle…

A: Managing stress is a common challenge in our daily lives, and people often employ various coping…

Q: True or false. Maximizing choices occur when combinations of two goods are made such that they are…

A: An indifference curve is a contour line with the same utility at all points along the line. A line…

Q: You are trying to decide between rescuing a puppy or an older dog. You decide to try to assign some…

A: Utility when the dog chews furniture = 0.1 Utility when dog goes on hike = 0.8 Expected Utility =…

Q: Which of the following is a significant difference in the outcomes between the dictator game and the…

A: The ultimatum game is an experimental economics game in which two sides communicate anonymously and…

Q: First-year Commerce students were asked to play an Ultimatum game where a choice had to be made over…

A: The ultimatum game involves dividing the constant sum of money between the proposer and responder in…

Q: Suppose you are designing an intervention to increase daily physical activity among adults. Describe…

A: In our quest to cultivate healthier lifestyles, the challenge of increasing daily physical activity…

Q: You are trying to decide between rescuing a puppy or an older dog. You decide to try to assign some…

A: Utility when the dog chews furniture = 0.1Utility when dog goes on hike = 0.8 Expected Utility =…

Q: You are considering two options for your next family vacation. You can visit Disney World or…

A: Here we are given consumer's utility under the uncertain situations. Here consumer will make his…

Q: YVETTE: I'm leaving you, Sean. Get over it. SEAN: Are you saying that being single will make you…

Q: Donuts are a big thing in Portland, OR. You go into one of the many donut establishments to purchase…

A: Given, Willingness to pay for 1st donuts = $2 Willingness to pay for 2nd donuts = $1.50…

Q: Think of a situation where tier pricing was used very effectively. What was the mechanism used and…

A: Tier Pricing method- This is a pricing method where by the producer resorts to differential pricing…

Q: Why would people prefer to pay by credit card and pay 12% interest when they have a savings with a…

A: Credit card is a plastic card which is issued by a particular bank that allows the holder of the…

Q: In 2019 the Dutch Parliament decided they were going to arbitrarily close 50% of their livestock…

A: Economic analysis alludes to the precise way to deal with looking at the allocation of restricted…

Q: On your way home from Super Groceries, your car breaks down. It is a hot summer day and you have…

A: Decision-making is the process of making decisions based on available information to minimise loss…

Q: Explain how loss aversion impacts our decisions as consumers?

A: Loss aversion is one of the major concepts in prospect theory in behavioral economics that helps in…

Q: Below is a 3x2 version of the reinforcement learning task from class. Other than being a smaller…

A: Utility Function:A utility function is a concept commonly used in economics and decision theory to…

Question

Answer both the question with proper explanation . I will definitely give you a positive rating.

2.
Which of the following must hold for fiat money to be a good store of value?
It should be divisible.
a.
b.
Price levels should be stable.
C.
It should be portable.
d.
It should be backed by a physical commodity.
It should be intrinsically valuable.

8. If the government decides to finance a war by printing extra money, which of the following
will occur?
a.
Interest rates will increase
b. Real output will increase
C The government's deficit will narrow
d. The rate of inflation will increase
The government's deficit will increase
e.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

You start an insurance company as your first entrepreneurial venture after graduation. Your main product line is malpractice insurance for dentists. After exhaustive research, you learn that settling malpractice claims against careful dentists costs $2,000 and settling malpractice claims against reckless dentists costs $7,500. Individual dentists know whether they are reckless or careful, and your research shows that approximately 20% of dentists are reckless. How much do should you charge for malpractice insurance to break even?
What do you think of the ethics of using unconscious nudges to alter people’s behavior?
A market economy seems to be able to satisfy customers who have different tastes in cars. Whether you want a big car, small car, red car or blue car, as long as you are willing to pay for it, you can find the car you desire. But with protective services (police), the market doesn’t seem to work as well. If you want lots of police attention, or little police protection, whether you want them to carry guns or not, whether you want them to prevent drug sales or not, none of us seem to be able to get the exact protection services that we are willing to pay for. Using economic reasoning, can you explain why the market can provide for many different tastes in cars, but not for many different tastes in protective services
With tip giving in a restaurant in mind, how might reducing your economic payoff still be rational.
Give only typing answer with explanation and conclusion
A personal economic decision that was driven by a behavioral bias rather than by pure rational behavior.
The idea that ethical judgments are universal was advanced by: a. Kant & Hare b. Dostoyevsky & Kant c. Bentham & Dostoyevsky d. Dostoyevsky & Hare
Why might it be difficult for a buyer and seller to agree on a price when imperfect information exists?
An employee asks her boss whether she can transfer offices so that she can work in a different part of the country. The boss responds positively and says that the employee can choose to work in Cleveland, Miami, or New York City. The boss then hands the employee a list, as shown in the table below, of the salaries that she would earn in the different cities and the average price levels in those same cities. Office location Cleveland Miami New York City Salary ($) 85,000 125,000 165,000 CPI 100 160 205 a. From the standpoint of maximizing the employee's consumption possibilities, she should choose Cleveland Instructions: Round your answer to the nearest whole number. b. The minimum salary in New York City the boss could offer the employee to make her indifferent between moving to Cleveland or New York City is $ 182,750
Answer this question
Explain why Von Hayek believes the Dependence Effect is not a bad thing.
James has two young children (Finn and lain) who are visiting the doctor for their annual well-child check-ups. The doctor's office charges $105 for well-child appointments. Health insurance pays 100% of the costs associated with well-child visits and does not require a copayment. James' health plan monthly premium is $1,400 and has a $1,000 deductible. How much will James be charged when the appointment is done?