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The six characteristics economists use to judge how well an item serves as currency is divisibility?
There are six characteristics that economists used to judge how well an item serves as currency. These characteristics are acceptability, durability, divisibility, portability, and limited supply.
What did Karl Marx means by money is the root of all evil?
That is not a quote from Karl Marx, but a paraphrase from the New Testament.1 Timothy 6:10: 10For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.Karl Marx saw money as an agent in the alienation of people since money could be used as a substitute for humanly desirable characteristics. For example, a man who is horribly atrocious could have the most wonderful woman with the power given him by money. Additionally, he saw money as alienating people from the production of their own personal items. When a person exchanges money for an item, a person is only complicit in the consumption or use of the item, but has no idea how it was made, separating it fundamentally from its constituent elements.
What are the economic importance of crude oil?
The economic importance of crude oil is that it is used to produce gasoline and other fuels used around the world. Countries must pay large amounts of money for these resources which drive the economy.
Which item is not used in calculating the GNP?
Production from home gardeners is not used in calculating the GNP.
Is the type of money used in the US commodity money representative money or fiat money?
puppys
The six characteristics economists use to judge how well an item serves as currency is divisibility?
There are six characteristics that economists used to judge how well an item serves as currency. These characteristics are acceptability, durability, divisibility, portability, and limited supply.
What are the rules used for an eBay auction?
The rules for an eBay auction are that you can't bid if your information is invalid. You must pay for the item that you buy. You must bid if you are intending to buy the item. You can't bid for your own item.
Ferromagnetic materials used in a transformer must have?
non linear B-H characteristics
Where do you go to trade your ps3 for a used one?
You can trade in a PS3 as some retail stores like Gamestop. You can purchase a Refurbished PS3 from them, but they will not give you just a used one and will not trade. You must get a credit then purchase the item using money and your trade in credit
A team has been given all the materials they need to solve a problem. The difficulty is that one item must be used in the solution in a manner that is not the normal way the item is used. The team is?
Functional fixedness
If you have to replace an item do you buy a new item or used item?
Whether you replace an item with a new item or a used item depends on three factors:whether you want a new or used itemwhether the item is still manufactured or soldwhether you have enough money to buy a new version.Additionally, many people choose to buy "gently used" items to help conserve the natural resources. Every manufactured item uses some type of fuel for manufacturing, whether the fuel is electricity, gas, oil, coal, etc. So by buying used, you can help save the earth's resources.
What refers to money spent by business for an item that will be used over a long period on time?
Capital Spending.
What is it called when you trade one item for another when money isn't used?
Such transaction is called trading or bartering.
Can you get a cash refund when you pay for an item with a credit card?
It is dependent on the store that you purphased the item from. Some will allow you, others will not. Typically, they ask you for the credit card you used when you bought the item and refund the money back onto the card.
In classified ads what does WHY stand for?
WHY, when used in a classified advert, stands for 'What Have You'. It shows that the seller is not only interested in money for the item and will consider swapping for another item (normally of the same worth).
What does Adam Smith use to describe an item sold for exactly the amount of money it cost to produce it?
Natural price is the term Adam Smith used to describe an item sold for exactly the amount of money it cost to produce it.
What statement is an appropriate rule used in classification of organisms?
they must have some similar characteristics like nutrition, habitat, internal systems,and many other similar characteristics..... the animal which possess similar characteristics put into a kingdom...
