How do consumer cooperatives increase consumption capabilities and purchasing power of members?(1 point)

Question

Responses

Consumer cooperatives put their money together to purchase good in bulk which brings down the cost per unit, allowing them to buy more than they would on their own.
Consumer cooperatives put their money together to purchase good in bulk which brings down the cost per unit, allowing them to buy more than they would on their own.

Consumer cooperatives offer loans to their members at better rates, which then allows the members greater access to financial resources to increase their consumption and purchasing power.
Consumer cooperatives offer loans to their members at better rates, which then allows the members greater access to financial resources to increase their consumption and purchasing power.

Consumer cooperatives are capable of generating a profit which can then be distributed to their members, thus providing members with additional income to increase their consumption capabilities and purchasing power.
Consumer cooperatives are capable of generating a profit which can then be distributed to their members, thus providing members with additional income to increase their consumption capabilities and purchasing power.

The 501(c)(3) tax code allows consumer cooperatives to receive discounts on their purchases of goods.
The 501(c)(3) tax code allows consumer cooperatives to receive discounts on their purchases of goods.
2.Which statement correctly describes a union shop?(1 point)
Responses

The worker must be a member of the union before being hired.
The worker must be a member of the union before being hired.

The worker is not required to join a labor union before being hired.
The worker is not required to join a labor union before being hired.

Both non-union and union workers receive the same benefits and wages.
Both non-union and union workers receive the same benefits and wages.

Non-union members can be hired provided they join the union within a specified time.
3.Which of these statements is true about money?(1 point)
Responses

Money does not provide a standard unit of measurement.
Money does not provide a standard unit of measurement.

Money stays at the same value over time.
Money stays at the same value over time.

Money maintains purchasing power over time.
Money maintains purchasing power over time.

Money retains the same value permanently.
4.What impacts did the decentralization of the U.S. banking system during the Free Banking Era have on the currency in the United States? Select the two correct answers.(1 point)
Responses

The purchasing power currencies issued by state banks varied wildly from state to state.
The purchasing power currencies issued by state banks varied wildly from state to state.

Monetary reserves decreased.
Monetary reserves decreased.

The money supply declined.
The money supply declined.

The amount of loanable funds increased.
The amount of loanable funds increased.

Land was frequently purchased with counterfeit currency.

Answer 1

Here are the correct responses for each of the questions:

1. How do consumer cooperatives increase consumption capabilities and purchasing power of members?

   • Correct Response: Consumer cooperatives put their money together to purchase goods in bulk which brings down the cost per unit, allowing them to buy more than they would on their own.

2. Which statement correctly describes a union shop?

   • Correct Response: Non-union members can be hired provided they join the union within a specified time.

3. Which of these statements is true about money?

   • Correct Response: Money does not provide a standard unit of measurement.

4. What impacts did the decentralization of the U.S. banking system during the Free Banking Era have on the currency in the United States? Select the two correct answers.

   • Correct Responses:
     • The purchasing power currencies issued by state banks varied wildly from state to state.
     • The money supply declined.

Make sure to verify the context of these questions, as certain finance-related concepts may have nuanced interpretations.