___________ profit is a cash concept—the difference between dollars brought in and dollars paid out.
a. Accounting
b. Explicit
c. Economic
d. Implicit
a. Accounting
Accounting profit is a cash concept. It means total revenue minus explicit costs—the difference between dollars brought in and dollars paid out.
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The sale of bonds
a. and stocks to raise money is called debt finance. b. and stocks to raise money is called equity finance. c. to raise money is called debt finance, while the sale of stocks to raise funds is called equity finance. d. to raise money is called equity finance, while the sale of stocks to raise funds is called debt finance.
Which of the following expenditures would increase the investment component of U.S. GDP?
A. You purchase a new car. B. You purchase 1,000 shares of stock. C. You pay a commission to your stock broker for selling some stocks that you owned. D. You purchase a new house.
When price level in the United States rises,
A. there is a increased demand for borrowed money. B. producers' demand for new machinery increases, contributing to an increase in aggregate demand. C. Americans tend to buy more foreign goods and services. D. the French, Canadians, and Japanese would find our exports more attractive.
A risk-averse agent
A. only cares about expected payoff. B. does not care about expected payoff. C. cares about expected payoff as well as the variability of a payoff. D. only cares about the variability of a payoff.