The problem of economic scarcity applies
A. only in industrially developed countries, because resources are scarce in these nations
B. to economic systems in all nations, regardless if their level of development
C. only in underdeveloped countries, because there are no productive resources in these nations
D. only in economic systems that are just beginning to develop, because specialized resources are scarce in developing nations

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

An essential element of being receptive to messages is to have an open mind true or false

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?