Accounting profits are found by total revenues minus

A valid argument against redistributing income to achieve complete equality is that

a. income equality would destroy the social cohesiveness that exists among different income groupings. b. this would eliminate the monetary incentives to work and produce. c. the cost of obtaining the equality would be so deflationary as to promote economic instability. d. income equality would imply class segregation based on factors such as sex or race since income would be constant.

Suppose that Venezuela experiences significant capital outflows after a recent election. If the nation had flexible exchange rates, these flows would have had the following effect on the nation's financial account and reserves account

a. Financial account would rise and reserves account would fall. b. Financial account would not change and reserves account would fall. c. Financial account would fall and reserves account would not change. d. Financial account would fall and reserves account would fall. e. Financial account would fall and reserves account would rise.