Profits represent
A) the income earned from a bond.
B) the payments firms make to their employees.
C) a reward to entrepreneurs.
D) the difference between total tax revenue and total government spending.
Correct Answer:
Verified
Q12: According to the circular flow, the dollar
Q13: Which of the following is consistent with
Q14: Economists consider profit to be
A) a cost
Q15: Which of the following statements is FALSE?
A)
Q16: In the product markets, households
A) are the
Q18: One of the principles behind the concept
Q19: According to the circular flow, the value
Q20: In the factor market, households
A) sell resources.
B)
Q21: All of the following are incomes earned
Q22: Which of the following is most likely
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