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 anticompetition laws.
Correct Answer:
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Q3: Households receive a total income of $5
Q4: Social Security payments are
A)included in GDP.
B)not included
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Q9: Which of the following would most likely
Q10: Goods that are used up entirely in
Q11: The total market value of final goods
Q18: One of the principles behind the concept
Q41: A firm produces a good and generates
Q78: Which of the following is a final
Q292: The annual cost of producing the entire
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