Multiple Choice
It is not true of economic profits that they
A) are a reward for bearing risks.
B) are generally greater than accounting profits.
C) are zero in a competitive market.
D) are difficult to measure.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: The marginal productivity principle implies that<br>A)quantity demanded
Q10: Economic rent is the amount of money
Q11: Putting new ideas to work is called<br>A)invention.<br>B)innovation.<br>C)management.<br>D)MPP.
Q12: Figure 19-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 19-3
Q13: The distribution of income in a market
Q15: Explain the distinction between investment and capital.
Q16: Figure 19-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 19-3
Q17: A sum of money received at a
Q18: Capital refers to an inventory or a
Q19: Invention is the act of generating a