If a firm goes out of business because of negative economic profits, its books
A) might indicate a positive accounting profit.
B) might indicate that opportunity costs were zero.
C) might indicate that taxes are too high.
D) might suggest a mistaken value of explicit costs.
A
Economics
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When economists refer to investment, they mean the purchasing of stocks and bonds and other types of saving
a. True b. False Indicate whether the statement is true or false
Economics
A tariff affects imports
A. by limiting quantity and raising price to a higher level. B. by reducing quantity demanded so that supply falls. C. by increasing supply, raising price, and reducing demand. D. by raising price and reducing quantity demanded.
Economics