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

Author Question: The unit of account function of money: a. means that money should be durable. b. means that money ... (Read 261 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
The unit of account function of money:
 a. means that money should be durable.
 b. means that money makes price information more accessible.
  c. requires that money be made of something valuable.
 d. means that money can be used to save up purchasing power.
  e. means that money is more easily counted than goods.

Question 2

Which of the following would be illegal under the Robinson-Patman Act?
 a. Ford and General Motors meet to fix the price of cars.
  b. Computer makers form a cartel.
  c. General Mills and Kelloggs decide to merge.
  d. Exxon sells gas at a higher wholesale price to independent gas retailers than to Exxon retailers.
  e. Exxon Oil and Mobil Oil elect the same person to their boards of directors.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaylee05

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Charlie

  • Hero Member
  • *****
  • Posts: 640
Reply #2 on: Jun 30, 2018
Correct answers!


kaylee05

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Pituitary gland function Pituitary gland function
Schematic of Rectification Unit Schematic of Rectification Unit
How to apply integration by parts on a single function How to apply integration by parts on a single function
How to transform the natural exponential function (e^x) How to transform the natural exponential function (e^x)
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Metaphase I Animation

For a complete list of videos, visit our video library