The right to openly support and to elect leaders in a democratic way is known as

Define induced expenditure and autonomous expenditure. Which expenditure items are induced expenditure and which are autonomous expenditure?

What will be an ideal response?

In the short run, a monopolist: a. always suffers an economic loss

b. always earns an economic profit. c. always earns a normal rate of return. d. may make an economic loss, an economic profit, or zero economic profits.