Which of the following are signals to the owners of scarce resources about the best uses of those resources?
A) Profits of businesses
B) Government regulations
C) Economic indicators
D) The accounting cost of those resources
Correct Answer:
Verified
Q2: The higher the interest rate:
A) the greater
Q3: Which of the following is an implicit
Q4: Scarce resources are ultimately allocated toward the
Q5: The primary inducement for new firms to
Q6: Economic profits are:
A) total revenue minus total
Q7: If the interest rate is 5 percent,the
Q8: A firm will have constant profits of
Q9: Suppose the interest rate is 5 percent,the
Q10: Accounting profits are:
A) total revenue minus total
Q11: As more firms enter an industry:
A) accounting
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