Specialization Occurs Because

question 230

Multiple Choice

Specialization occurs because

• A)society trades current consumption for future consumption.
• B)the production possibilities curve tends to be linear.
• C)people have different skills.
• D)society produces made the production possibilities curve.

---

Definitions:

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Current Ratio

Current assets divided by current liabilities.

Inventory Turnover

Sales divided by total inventory.