A firm's net income is also its
A) economic profit.
B) balance sheet.
C) accounting profit.
D) opportunity cost.
Answer: C
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If the Consumer Price Index was 125 in one year and 120 in the following year, then the rate of inflation is approximately
A. 4%. B. -4%. C. -4.2%. D. 4.2%.
In the Mundell-Fleming model with a floating exchange rate and perfect capital mobility, an increase in the money supply does all of the following EXCEPT:
a. increase interest rates. b. increase income. c. increase the IS curve. d. increase inflation.
People choose to do something:
A. when they believe the benefits outweigh the costs of the decision. B. when they believe the costs outweigh the benefits of the decision. C. when they believe their decision cannot be questioned by anyone else. D. when they believe it won't harm anyone and will better themselves.
Why do supermarkets stock thousands of items that people enjoy?
a. Competition, self-interest, and market prices influence the supermarkets' decisions on which items to stock. b. The rules of the SNAP program, formerly known as food stamps, require supermarkets to stock certain items. c. State governments regulate supermarkets. d. The federal Food and Drug Administration requires supermarkets to stock certain items.