Economic systems are incredibly complex. What is TRUE statement about economic systems? checkCorrect Ancient humans engaged in early economics by trading and selling of goods. closeIncorrect Economies have existed for only the past few centuries. An individual who is working, spending, and saving does not play a role in the economy. The bartering system has never been a successful way of trading goods and services.

Emil motycka is considered an entrepreneur because

What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.