If a firm is earning negative accounting profits, it implies
a. That the firm's economic profits are necessarily zero
b. That the firm's economic profits are necessarily positive
c. That the firm's economic profits are necessarily negative
d. Accounting profits alone cannot determine economic profits
d
Economics
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According to this Application, the failure of including cell phones in a timely manner when calculating the CPI caused the telecommunications component of the price index
A) to become negative. B) to be biased upward. C) to be biased downward. D) to actually register no perceptible bias.
Economics
The 2008 financial crisis was caused by the decline of real estate values as well as several other factors
a. True b. False Indicate whether the statement is true or false
Economics