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in the past, cows were used as money. however, one cow might be healthy…

Question

in the past, cows were used as money. however, one cow might be healthy and young while another is old and sick. this violates which characteristic?

  • durability
  • portability
  • divisibility
  • uniformity
  • limited supply

a hunter wants to trade a whole deer for a bag of salt, but he only needs a small amount of salt today. if the deer is money, why is this trade difficult?

  • durability
  • portability
  • divisibility
  • uniformity
  • limited supply

Explanation:

Response
First Question:
Brief Explanations

To determine the violated characteristic when cows are used as money (with varying health/age), we analyze each option:

  • Durability: Relates to money's ability to last, not relevant here.
  • Portability: Relates to ease of carrying money, not relevant here.
  • Divisibility: Relates to splitting money into smaller units, not relevant here.
  • Uniformity: Money should be uniform (same value/quality). Cows differ in health/age, so they lack uniformity.
  • Limited Supply: Relates to scarcity, not relevant here.
Brief Explanations

To determine why trading a whole deer (as money) for a small amount of salt is difficult, we analyze each option:

  • Durability: Relates to money’s longevity, not relevant here.
  • Portability: Relates to carrying money, not relevant here.
  • Divisibility: Money should be divisible into smaller units. A whole deer cannot be easily split to buy a small amount of salt, violating divisibility.
  • Uniformity: Relates to consistent quality/value, not relevant here.
  • Limited Supply: Relates to scarcity, not relevant here.

Answer:

D. Uniformity

Second Question: