Economists consider profit to be
A) a cost of producing goods and services.
B) the same as a salary.
C) a reward for incurring losses.
D) something that should be eliminated by antitrust laws.
Correct Answer:
Verified
Q9: The value of total output and total
Q10: In the circular flow model, profits are
Q11: The circular flow of income shows
A) goods,
Q12: According to the circular flow, the dollar
Q13: Which of the following is consistent with
Q15: Which of the following statements is FALSE?
A)
Q16: In the product markets, households
A) are the
Q17: Profits represent
A) the income earned from a
Q18: One of the principles behind the concept
Q19: According to the circular flow, the value
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