In the 2-factor, 2 good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier that is biased toward production of the ________ good

How does the economist's measure of profit differ from the accountant's measure?

A) Economists subtract total revenue from total cost; accountants do the opposite. B) Economists subtract total costs from total revenue; accountants do the opposite. C) Economists consider more sources of monetary revenue than accountants do. D) Economists include all opportunity costs, accountants don't. E) There is no difference between the two measures.

A government payment that supports a business or market:

a. subsidy b. supply schedule c. law of supply d. elasticity of supply e. excise tax