The return to entrepreneurship is known as
A) economic profit.
B) normal profit.
C) opportunity revenue.
D) normal revenue.
E) explicit profit.
B
Economics
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A country reports that it has an unplanned inventory increase of $1.0 trillion. Discuss how the economy adjusts until it reaches an unplanned inventory change of $0.0 trillion
What will be an ideal response?
Economics
Who controls a sole proprietorship?
A) owner B) bondholders C) stockholders D) employees
Economics
A payment for a resource above its opportunity cost is known as: a. an interest payment. b. a sunk cost
c. featherbedding. d. an economic rent.
Economics
Which economic concept is the closest to the saying "There's no free lunch"?
a. Specialization b. Unlimited wants c. Underutilization of resources d. Opportunity costs e. Overutilization of resources
Economics