Key influences on the valuation of economic profits include ________
A) the average level of the prices of goods and services sold
B) the rental price of capital
C) the wage rate
D) all of the above
E) none of the above
D
Economics
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In an economic system with privately owned, profit-maximizing banks, there will always be a difference between
a. private profits and social profits. b. bank profits and other corporate profits. c. bank profits and macroeconomic objectives. d. bank profits and government profits.
Economics
The demand for union labor is usually determined by
a. the number of union members. b. the strength of the union. c. the total value of the union labor in the production process. d. market conditions outside the union's direct control.
Economics