a) What is the difference between exchange and indirect exchange? b) What is meant by exchange...

a) What is the difference between exchange and indirect exchange?

b) What is meant by exchange value? Where does money fit into this description?

c) Is the quantity of money a concern for an Austrian?

Expert Solution

Rahul Sunny answered 2 years ago

Explain the difference between direct exchange and indirect exchange Cattle have been used as commodity money...

Explain the difference between direct exchange and indirect exchange Cattle have been used as commodity money for a long time historically. What makes it less than ideal as a measure of value?

what is the difference between direct and indirect material and labors?

What is the difference between a fixed and a variable cost? What is meant by the...

What is the difference between a fixed and a variable cost? What is meant by the term relevant range? How is relevant range applicable to CVP analysis? What is operating leverage and how/why would companies use operating leverage?

What is meant by essentiality of plant nutrients? What is the difference between an essential element...

What is meant by essentiality of plant nutrients? What is the difference between an essential element and a beneficial element? Describe the steps you would go through in order to determine the essentiality or non-essentiality of an element for a higher plant. Can a plant nutritionist contribute to preventing malnutrition in human beings? Explain this statement with examples.

What is meant by the term “globalisation”? What is the difference between “shallow” and “deep integration”?

What is the difference between a direct and indirect cost? Variable versus fixed cost? What are...

What is the difference between a direct and indirect cost? Variable versus fixed cost? What are the differences in accounting for inventoriable (product) versus period costs?

1) a) What is the difference between accuracy and precision? b) What is the difference in...

1) a) What is the difference between accuracy and precision? b) What is the difference in resolution between the instruments: Dial Caliper and Micrometer caliper? In order words, what is the lowest division in mm that we can read in each one of these instruments? c) How do you relate calibration and accuracy? Explain. 2) In the Experiment Newton’s Second Law, explain with your own words, a) the relation that you found between acceleration and mass. What did you keep...

a) Explain what is meant by exchange rate overshooting/undershooting. b) There are two (2) ways that...

a) Explain what is meant by exchange rate overshooting/undershooting. b) There are two (2) ways that authorities may try to finance increased government expenditure (G): i. By printing extra money and using the money directly to finance its expenditure ii. By borrowing — that is by selling bonds to economic agents c) In the Dornbusch model the uncovered interest rate parity (UIP) condition is assumed to be hold continuously, that is, if the domestic interest rate is lower than the...

2. What is the difference between the direct approach and the indirect approach to writing? Give...

2. What is the difference between the direct approach and the indirect approach to writing? Give an example for using each. What types of messages would work best with each approach?

a) Describe what is meant by the term the “last scattering surface”? b) Describe the difference...

a) Describe what is meant by the term the “last scattering surface”? b) Describe the difference between the term dipole anisotropy and intrinsic anisotropy of the cosmic background radiation. c) What is meant by the term “horizon problem”? d) How has modern cosmology been able to resolve the horizon problem?

Question