This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 11-4. Suppose the per-worker production function in the figure above represents the ... (Read 157 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Refer to Figure 11-4. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy.
 
  If the United States decided to cut its support of university research in half, this would cause a movement from
  A) B to E. B) B to D. C) B to A. D) B to C.

Question 2

What are the four functions of money? Can something be considered money if it does not fulfill all four functions?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The four functions are medium of exchange, unit of account, store of value, and standard of deferred payment. In the long run, something will not serve as money if it does not fulfill all four functions.


audie

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 29, 2018
Correct answers!


Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

How to find the inverse of any function How to find the inverse of any function
How to find the area of a function using limits and Riemann sums How to find the area of a function using limits and Riemann sums
How to vertically stretch and compress the quadratic function How to vertically stretch and compress the quadratic function
How to horizontally shift a sinusoidal function (y=a*sin⁡b(x−c)+d) How to horizontally shift a sinusoidal function (y=a*sin⁡b(x−c)+d)
Reciprocal function Reciprocal function
Mitochondrial structure and function Mitochondrial structure and function
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library