Assume an attorney who has worked with a large law firm decides to leave to establish his own practice
Even though he is not leaving the company with any physical assets what might be his most important asset? What factors might impede his ability to use this asset and why?
Even though he is not leaving the law firm with any physical assets he has certainly gained experience with the firm in the form of human capital. He also has contacts with his previous clients. One factor that might impede his ability to use this asset would be if he signed a non-compete contract with his previous employer or otherwise promised not to solicit business from their clients for a certain period of time.
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The velocity of money
A) is, according to the equation of exchange, equal to M/Y. B) indicates the number of times per year a dollar is spent on final goods and services. C) is, according to the equation of exchange, equal to P/M. D) indicates the speed with which the U.S. Treasury can mint new coins.
Suppose the quantity of gasoline is measured in gallons and the price of gasoline is measured in dollars. The price elasticity of demand is 0.67
If the price of gasoline was now measured in cents rather than dollars, the price elasticity of demand would now be A) 0.0067. B) 0.67. C) 6.7. D) 67.0.
An external benefit is created when you pursue a college education
Indicate whether the statement is true or false
The Social Security and Medicare programs have been a failure in terms of reducing poverty among elderly U.S. citizens
Indicate whether the statement is true or false