If economic profits are negative
A) accounting profits can be positive.
B) accounting profits can be negative.
C) the cost of capital is not being covered.
D) all of these choices.
D
Economics
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Which of the following is not an argument used in favor of protectionism?
a. To preserve national security. b. To reduce prices paid by domestic consumers. c. To protect against "unfair" competition because of cheap foreign labor. d. To protect an "infant" industry. e. To protect domestic jobs.
Economics
Full employment implies which of the following is reduced to zero?
A. Cyclical unemployment only B. Frictional unemployment only C. Frictional and structural unemployment only D. Frictional, structural, and cyclical unemployment
Economics