This term refers to when members in a society must rely on others to supply products and services they cannot provide for themselves.

a.) comparative advantage
b.) absolute advantage
c.) specialization
d.) interdependence

*note - my answer choice is a, but i'm not to sure.

Why do police officers get paid less than professional baseball players?

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise