A Characteristic of a Modern Economy Is

question 122

Multiple Choice

A characteristic of a modern economy is

• A)self-sufficiency.
• B)specialization and exchange.
• C)a high percentage of people who make their living as jacks-of-all-trades.
• D)a high proportion of people employed in agriculture.

Understand the impact of parental investment on mating behaviors and strategies.

Determine how evolutionary psychology explains human behaviors related to mating and relationships.

Understand the legal concepts related to the possession and care of others' property.

Gain insights into the historical and evolving relationship between First Nations groups and the development/transportation of energy and natural resources.

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Definitions:

Merchandise Inventory

The total value of a business's commodities or goods available for sale to customers at any given time.

Accounts Payable

The amount owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Cash

A current asset account that represents currency or currency equivalents that can be accessed immediately or near-immediately.

Sales

The total amount of revenue generated from selling goods or services.