A corporation's earnings are
a. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants minus the dividends paid out.
b. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists minus the dividends paid out.
c. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants.
d. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists.
c
You might also like to view...
Identify the correct statement regarding a fractional reserve banking system.
a. Only a fraction of the banks in the system are allowed to create money b. Only a fraction of the banks in the system have reserves. c. The claims outstanding against the bank are only a fraction of the bank's total reserves. d. Each bank must deposit a fraction of its reserves with the Federal Reserve Bank. e. Bank reserves represent only a fraction of bank deposits.
Economists would describe cartels as
A. the opposite of ignoring interdependence. B. a collusive arrangement. C. an undesirable form of market organization that may charge a monopoly price. D. All of the responses are correct.
A country had a net capital outflow of $1.5 trillion and imports of $0.5 trillion. What was the value of its exports?
Milton Friedman's macroeconomic theory and political philosophy have the relationship one would expect. He is a
A. Keynesian and a political liberal. B. new classical macroeconomist and a political liberal. C. monetarist and a political conservative. D. supply-sider and a political conservative.