When determining her accounting profit, an entrepreneur would include
A) her foregone wages.
B) her foregone interest.
C) her foregone rent.
D) all of the above.
E) none of the above.
E
Economics
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The reason why the Industrial Revolution originated in Britain can be partly attributed to its:
A) command economy. B) well-developed market system. C) opposition to creative destruction. D) extractive institutions.
Economics
The interest rate, as it appears on paper in a contract, is the:
A. nominal interest rate. B. short-term interest rate. C. real interest rate. D. long-term interest rate.
Economics