Sea shell have been used as money is West Africa. This is an example of

Q: Who is william smith

A: William Smith was born on March 23, 1769 and lived for 70 years. He was born in Churchill,…

Q: If bribery is common in a particular country, what effect will it have on the nations economy and…

A: Bribery: It means the act of offering money or any valuable thing for persuading them to do…

Q: True or False: Americans save more money now than they ever have. O True O False

A: With the prevalence of the pandemic in the background of 2020-2021, the consumer spending in the USA…

Q: List 3 possible explanations of the Leontief pardox? asap

A: Leontief's paradox in economics is that a nation with a higher capital per worker has a low…

Q: Talal's new job involves a lot of travelling. In the first three countries he visited, he faced many…

A: Talal's new job involves a lot of travelling. In the first three countries he visited, he faced many…

Q: What is the economic problem? a. less profit Ob. liquidity Oc. Scarcity O d. unlimited resources

A: Economics aims to allocate the resources in such a manner so that the most efficient outcome is…

Q: What is golden rule solution?

A: Introduction : In economics, the Golden Rule savings rate is the rate of savings which maximizes…

Q: Imagine you are an economics professor in a world without money. Explain why it would be tricky to…

A: Money has important functions which are described as below: Money acts as a medium of exchange. The…

Q: the author of brutus I

A: Brutus 1 talks about the powers given by the constitution to the federal government. He felt that it…

Q: How do you think Smith's book influ- States? What are economic enigmas?

A: When the American Revolution began, a Scottish philosopher began his own economic revolution. In…

Q: What is the relevance of studying economics in the course of customs administration?

A: The subject of economic deals  with however society makes use of its restricted resources. economic…

Q: What is the importance of Matrices in mathematical economics?

A: Mathematical economics is an economic model that uses the principles and methods of mathematics to…

Q: Paying for sneakers using a credit card is an example of a person borrowing

A: A credit card refers to a thin rectangular piece of plastic or metal card issued by financial…

Q: wealth

A: Wealth is the abundance of financial assets being valuable or the physical possessions which could…

Q: What are the Challenges to FDI in Pakistan? Explain in detail.

A: A foreign direct investment (FDI) is a financial investment made by a company or person from one…

Q: What job did online banking destroy? What jobs did it create ? How might artificial intelligence…

A: With the advent of online banking, it is seen that there has been changes in the composition of…

Q: Now that we've talked a little about what economics is, let's consider the concept of value. When we…

A: Circular flow of money shows how money moves within society, from producer to laborer in form of…

Q: In your own words, how can efficiency wage reduce principal agent problem ? How can efficiency wage…

A: The principal-agent problem is a conflict between the interests of the owner of the asset and the…

Q: labors The following are agents or players in the economy EXCEPT,

A: Explanation: Kiko needs to figure in finance. However, she's undecided about what she needs to try…

Q: Which of the following should Bitcoin's energy use be compared to? a. The banking system b. An…

A: Money: It refers to the level of currency the economy is having with them. If the economy is having…

Q: Why is it that small business is more effective than big business in small or isolated markets?

A: Price advantage: the price of small business products is generally lower than that of large business…

Q: Please describe briefly what is meant by Goldilocks economy?

A: Those economy which has low inflation rate and enjoy sustained economic growth is called Goldilocks…

Q: Smith is against the mercantilism. Please explain what mercantilism means in a few brief sentences.

A: Smith is against Mercantilism. Mercantilists as a class in Economics can be explained as follows :

Q: Karl Marx Theory of money Simon Kuznets National accounts Douglass North Institutions Thomas Piketty…

A: Communist Manifesto: It was the manifesto of communist party in 1848 given by Karl Marx and…

Q: What is an institution? Give examples of (and explain the differences between) formal and informal…

A: The organizations are an important part of the society. They help in structuring the daily lives of…

Q: What is cost ?differentiate between money and the real cost in economics

A: According to the given question In simple words we can say that cost in economics is considered as a…

Q: On a distant moon colony, all decisions about government policy are made by a computer. The interest…

A: When a decision has to be made by a computer regarding government policy, then the certain limits…

Q: (a) Discuss the main features and policies associated with mercantilism. (b) Why did the…

A: Since you have asked multiple subparts we would answer the first three for you. To get the answers…

Q: In economics, a discouraged worker is  a) any worker who has not received a pay raise in the last…

A: In an economy, the unregulated labor market labor determines the equilibrium wage rate of the…

Q: The major problem with using amoebas as money is the problem of _________. Group of answer choices…

A: Money is any object that is commonly accepted in a given country or socio-economic context as…

Q: Q.1. Are the following statements true, false or uncertain? Briefly explain your answers.  a) "The…

A: Mercantilism is an economic policy that aims to increase an economy's exports while reducing its…

Q: Is corruption always bad?

A: Most people consider corruption to be an insurmountable evil. People who live in poverty are…

Q: Is the international gold standard is an example of spontaneous order?

A: The international gold standard is a system where gold or currency which is convertible into gold at…

Q: What are the example and scenarios of Transaction cost theory?

A: Transaction costs are the expenses associated with purchasing or selling products or services.…

Q: Which of the following statements best describes financial markets?   a. Financial markets are a…

A: Answer: Correct option: (d) Financial markets lower the cost and increase the speed of buying and…

Q: Tyler and Pam are arrested and charged wi The police interview both suspects separately about their…

A: Given information: Tyler and Pam are arrested and charged with armed robbery. The police interview…

Q: What is a barter system?  List major difficulties of the barter system.

A: Money is an important economic unit that is essential to carry out the daily transactions purpose.…

Q: gold is more

A: Total utility is the complete amount of satisfaction being gained. Marginal utility is the…

Q: Are these market changes good or bad for consumers?

A: A monopoly is a specific market structure that consists of only one seller with many buyers.…

Q: Give your understanding about the difference between Islamic Economics system and Capitalist…

A: Capitalist economy system is frequently considered as a financial framework in which private…

Q: I quite don't understand question a.

A: People prefer to eat two potatoes with every pound of meat. Such preferences are called as perfect…