In which field would economic rents likely be greatest for the best in their field?

Private capital flows in the form of both direct and portfolio investment began to return to Latin America after 1989, effectively marking the end of the Lost Decade

Indicate whether the statement is true or false

Answer the following questions true (T) or false (F)

1. A decrease in liabilities will reduce a firm's accounting profit. 2. Economic profit is the difference between a firm's revenue and its opportunity costs. 3. An increase in liabilities will reduce a firm's net worth.