When an individual specializes to produce one good, and then acquires additional desired goods from other specialists a) both parties gain as a result of voluntary exchange. b) both parties gain as a result of fraudulent exchange. c) neither party gains as specialization decreases efficiency. d) neither party gains as specialization decreases productivity.

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Why has the free enterprise system been modified to include some government intervention?

Principals are an administration career