Specialization is important in an economy because it leads to which important economic concept?

allocation of resources

price ceilings

government regulation

voluntary exchange

Book value per share may not approximate market value per share because: a. land may have substantially increased in value. b. market value reflects future potential earning power. c.

A researcher administers a survey on issues related to the U. S. health care system to a sample consisting of 60% medical doctors, 30% economists, and 10% lawyers.

Barney decides to quit his job as a corporate accountant, which pays $10 890 a month, and goes into business for himself as a certified public accountant.

The conditions for utility maximization are A. the law of diminishing marginal utility and the affordability rule. B. that the marginal utility per dollar on all goods is equal and the money spent on all goods adds up to the fixed budget. C.

hich one of the following refers to the ability of shareholders to undo a company's dividend policy and create an alternative dividend policy by reinvesting dividends or selling shares of stock?

At the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no one was a member of both committees.

Which of these is an example of ownership

If deflation occurs and your income is fixed, your real income:

President Bush promised to make the reduction of lobbyists in the senior administration a priority. He succeeded in reducing the numbers somewhat, but he was unable to stop the practice according to the Center for Responsive Politics. O True O False

Compare a hypothetical DVC with a hypothetical IAC. In the DVC, average per capita income is $5000 per year. In the IAC, average per capita income is $40,000 per year.