Which of the following in NOT a source of profit?
A. Innovation
B. Wages
C. Exercise of monopoly power
D. Risk taking
B. Wages
Economics
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The function of money as a store of value diminishes if
A) money is no longer backed by gold. B) prices of goods and services increase. C) people begin to barter. D) interest rates increase.
Economics
Figure 3-13
Refer to . The market for margarine was initially in equilibrium at point e. Other things constant, a decrease in the price of butter, a close substitute for margarine, would likely move the equilibrium in this market toward point
a.
r.
b.
s.
c.
t.
d.
u.
Economics