--%>
Assignment Help - homework help

Define money

Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.

   Related Questions in Microeconomics

  • Q : Determine a price taker from firm Of

    Of the given firms, the probably to be a price taker would be a: (i) sheep herder in a remote part of New Zealand. (ii) local gas and electric company. (iii) sculptor’s agent who contacts potential buyers through the internet. (iv) small town&rs

    		•
  • Q : Higher interest rate in current

    For current consumption growing preferences over future consumption would be evidenced from a: (w) higher interest rate. (x) more quick rate of investment. (y) larger government budget surplus. (z) surplus into the balance of trade.

    		•
  • Q : Define Optimal Sample Size Optimal

    Optimal Sample Size: The optimal or suitable size of sample in a survey or poll is the function of four discrete factors: 1. Size of the population: The size of the

    		•
  • Q : General law of demand I have problem in

    I have problem in this question based on law of demand. Provide me correct answer of this. Described the circumstances in which the "general law of demand" not hold?

    		•
  • Q : Quintile distribution of income Give

    Give the answer of following question. In the quintile distribution of income, the term "quintile" represents: A) 5 percent of the income receivers. B) 10 percent of the income receivers. C) 20 percent of the income receivers. D) 25 percent of the income receivers.

    		•
  • Q : Monopsonist problem I have a problem in

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The firm which is the sole buyer of a specific good or resource is the: (i) Monopsonist. (ii) Conglomerate. (iii) Price discriminator. (iv) P

    		•
  • Q : Change in total revenue by selling

    Marginal revenue, which is: (w) the change in total revenue from selling an additional unit of output. (x) the change in total revenue from hiring an additional unit of labor. (y) computed as TR/Q. (z) specified by change in Q / change in TR.

  • Q : Numerical question regarding demand At

    At $1.50 per gallon, Alana purchases 50 gallons of gasoline weekly, Bart purchases 20 gallons weekly, and Caitlin purchases 20 gallons weekly. One point on their joint demand curve for gasoline would be Q =: (1) 90 gallons per week, P = $1.50. (2) 90 gallons per week,

    		•
  • Q : Increase in demand for Normal Goods

    Zelda’s purchases of bigger and more cubic zirconium rings since she got a big pay raise are an illustration of a/an: (i) Raise in demand. (ii) Raise in quantity demanded. (iii) Raise in supply. (iv) Deterioration of the tastes.

    Q : Short run effects of income tax rate If

    If this illustrated figure given Lorenz curves for distribution of income after taxes and transfers, the probably short run effects of 10 percent increases within both income tax rates and government transfer

    		•