If, as an entrepreneur, I am earning accounting profits of $60,000 per year and the opportunity cost of my time is $50,000
A) I am earning economic profits of $10,000.
B) I am earning economic profits of $60,000.
C) I am earning economic losses of $10,000.
D) I should close my business.
A
Economics
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An individual would suffer lower losses from an unexpectedly higher inflation rate if
a. she held much currency and owned few bonds. b. she held much currency and owned many bonds. c. she held little currency and owned few bonds. d. she held little currency and owned many bonds.
Economics
The Gini coefficient measures:
A. income inequality. B. poverty prevalence. C. average income per person. D. change in average income per person over time.
Economics