When accounting profits are positive, economic profits could be:
A. zero.
B. negative.
C. positive.
D. All of these are possible.
Answer: D
Economics
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If the combination of goods consumed at point C is preferred to combination D then
A) point C is on a higher indifference curve. B) point C is on the same indifference cure but at a point where the vertical axis value is greater than point D's vertical axis value. C) point C is on a lower indifference curve. D) point C is on the same indifference curve but at a point where the horizontal axis value is greater than point D's horizontal axis value.
Economics
What led to the over-extension of credit by some private banks and central banks in the euro zone prior to the 2009 euro crisis?
What will be an ideal response?
Economics