The newly discovered island of mogran is in the process of setting up a new country and establishing a monetary system. the mogran people start talking about the currency they would like to create. the first proposal is to issue the mogran moola (their new currency) in only 3 denominations of paper bills (100, 500 and 1000 moolas) but no coinage. in order to save time and resources they will print their currency on a heavy stock cardboard. the bills will be about the size of a business card so that the mogran people will be able to easily carry it with them in their wallets. why will the mooola not function as a medium of exchange?

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Need true or false 1 2 3 4 5 6 7 8

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period