QUESTION IMAGE
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
First Question:
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.
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.
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D. Uniformity