Multiple Choice
Which of the following statements is TRUE about profits?
A) Profits are excluded from the circular flow of the income diagram.
B) The only portion of profits that are included in the circular flow diagram are the portion paid out in the form of dividends.
C) Profits are considered one of the resources necessary for production.
D) Profits are considered a cost of doing business.
Correct Answer:

Verified
Correct Answer:
Verified
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