Under what conditions would use both types of tobacco

Assignment Help International Economics
Reference no: EM13201662

(Commodity Money) Early in U.S. history, tobacco was used as money. If you were a tobacco farmer and had two loads of tobacco that were of different qualities, which would you supply as money and which would you supply for smoking? Under what conditions would you use both types of tobacco for money?

Reference no: EM13201662

Questions Cloud

Evaluate the amount of work in joules required to empty : The trough is full of water (density (1000 kg/m^3) ). Find the amount of work in joules required to empty the trough by pumping the water over the top. (Note: Use (g=9.8 m/s^2) as the acceleration due to gravity.)?
Explain what is the inverse demand function : Ajax, Inc. is a monopolist. The estimated demand function for its product is Qd = 120 - 0.8P + 12Y + 4A Where Qd denotes quantity demanded, P denotes price, Y denotes personal income (in thousands of dollars), and A denotes advertising expenditures
Administrator and teacher interview : Why did you choose to go into education as a career? Would you recommend the education profession to others? Why or why not? Are there any other teachers in your family? If so, who?
Solve the equation to find the total monthly cost : The equation C=mx+b can be used to model the monthly cost, C, of a cell phone plan where b is the flat monthly cost, m represents the cost in dollars per minute and x is the number of minutes used in the month.
Under what conditions would use both types of tobacco : If you were a tobacco farmer and had two loads of tobacco that were of different qualities, which would you supply as money and which would you supply for smoking.
Update stock levels when the order is cancelled : Execute queries to confirm that the basket order status and product stock levels have been appropriately modified by the trigger - the trigger needs to fire when a new status record is added to the BB_BASKETSTATUS table and when the IDSTAGE col..
Identify the casual hypothesis at issue : “In the fifty-seven-month study, whose participants were all male physicians, 104 of those who took aspirin had heart attacks, as compared with 189 heart attacks in those who took only a sugar pill. This means ordinary aspirin reduced the heart attac..
Explain the life expectancy of people in asia : A sociologist wants to determine if the life expectancy of people in Africa is less than the life expectancy of people in Asia. The data obtained is shown in the table below.
Analyze reported crime statistics for offense categories : Select a city, town, or municipality and examine trends in criminal activity over the last 3 years. Analyze reported crime statistics for major/minor offense categories such as murder, robbery, rape, and create a table of the results.

Reviews

Write a Review

International Economics Questions & Answers

  Calculation of income terms of trade

International Monetary Fund information indicate that, with 2000 = 100.0, Japan's export value index in 2006 was 95.3, its import price index in 2006 was 127.2,

  Major and fundamental political risks

Is there fundamental political instability in your country, in the form of civil war, major insurgency or ethnic violence and is there risk of fundamental regime change, such as a shift from authoritarianism to democracy or from democracy to authori..

  Trade and comparative advantage economic theories

Describe the economic cost of most international trade less than economic benefit of that trade for both the firms and nations involved using trade and comparative advantage economic theories.

  What does the people state for greshams law states

In the 1970s, U.S. consumers transferred their deposits from accounts in banks and thrifts to money market mutual funds because money market mutual funds A) were more liquid B) were less risky C) paid higher interest rates D) were guaranteed for a ..

  How much is the constant amount

How much is the constant amount "x" and how much is the 48th payment and the dealer has offered you a 5-year maintenance contract for $800 per year payable at the end of each year.

  What will be the impact on american business

what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, services, and information?

  Determining comparative advantage

Assume that each United States worker can produce eight units of food or two units of clothing daily.

  What will happen if foreigners lost confidence in us dollar

In the first quarter of 2009, President Obama pushed his massive fiscal stimulus package of $862 (It was originally at $787 billion) through the Congress and later passed by the House and the Senate, whose centerpiece was spending most of this sti..

  How the disaster of costa concordia off the coast of italy

In the cruise industry, one third of reservations are booked from january to march. Explain and diagrammatically show how the disaster of the costa concordia off the coast of italy will affect the market for cruises.

  Determine who receives the tax rebates

Proponents of the rebate-for-all assert that more of lower- and middle-income households should be included in any rebate plan because they are more likely to spend a bigger chunk of their rebate than higher-income households

  Who has absolute advantage in each product

Suppose US and Russia produce only two goods meat and potatoes in a week's time according to the table below which shows their production possibilities. Usa: Meats 2lbs Potatoes 4lbs Russia: Meats 5lbs Potatoes 20lbs ..

  Resource conservation and recovery act 1976

Suppose the many provisions in RCRA that discourage land based waste disposal. Recognize and describe one aspect of the law that is command and control in approach and one that is incentive based.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd