In general, if _____, this is a signal for _____ to shift resources to high-demand sectors.
A) economic profits exceed normal profits; firms
B) economic profits exceed normal profits; households
C) normal profits exceed economic profits; firms
D) normal profits exceed economic profits; households
Correct Answer:
Verified
Q132: Profits are earned by
A) owners of human
Q133: In economics, the rewards earned by entrepreneurship
Q134: Shermar is willing to bear the risk
Q135: Profits are BEST described as the rewards
Q136: Profit is important in achieving economic efficiency
Q138: Which statement about economic profit is FALSE?
A)
Q139: The presence of economic profits in the
Q140: Innovation BEST describes
A) the creation of new
Q141: Ruth develops a process that improves the
Q142: Patents, copyrights, and trademarks are all mechanisms
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