Employed Currency in 1700s
In 1700s what currency was employed?
Expert
This depends on country. Most currencies, however, were based on silver and gold. In America, in 13 colonies, tobacco was mostly employed as a type of the currency .
Describe the implication of freedom of entry and exit to the firms beneath perfect competition.
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Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5. Q : Demand of a competitive firm The The competitive firm will demand more labor when: (i) Technological advances support automation. (ii) The price of firm's output increases. (iii) More firms enter in the industry. (iv) The value of marginal product is beneath the wage rate. (v) Worker
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Assume that a student takes out a college loan which needs 12% annual interest, however later learns that his aunt makes loans to the family members at 5% interest. The student has suffered from the problem termed as: (1) Rational ignorance. (2) Blind indifference. (3
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