A corporation's earnings are
a. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants minus the dividends paid out.
b. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists minus the dividends paid out.
c. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants.
d. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists.
c
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The difference between an interest rate and some other, benchmark interest rate is known as the
a. spread. b. rate difference c. rate of return differential. d. rent. e. income differential.
When a relevant variable that is not named on either axis changes,
a. there will be a movement along the curve. b. the curve will rotate clockwise. c. the curve will be unaffected since only the variables on the axis affect the curve. d. the curve will shift.