When accounting profits are negative, economic profits could be:
A. negative.
B. positive.
C. zero.
D. All of these are possible.
Answer: A
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Using consumption theories based upon forward looking hypothesis, a temporary increase in government expenditures will have ________ impact on induced consumption
A) a large multiple B) a small multiple C) a variable D) no
Sales agents being paid a fixed commission on the sales are more likely to
a. Tell their bosses that they need to price higher to make sales b. Tell their bosses that they need to price lower to make sales c. Not say anything to their boss d. None of the above
Modern economics as a field of study is usually thought to have begun with which of the following?
What will be an ideal response?
Suppose the US is in a recession while foreign countries that trade with the US are not. How will this affect the US?
A. US imports will fall, US exports will rise, and AD will fall B. US imports will fall, US exports will rise, and AD will rise C. US imports will rise, US exports will fall, and AD will fall D. US imports will fall, US exports will fall, and AD will remain unchanged