What is the term used to describe total revenues minus total explicit costs?

a. marginal benefits
b. economic profits
c. accounting profits
d. marginal costs

c. accounting profits

Economics

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Discretionary policy calls for continual adjustments to the money supply and is associated with the monetarist perspective.

a. true b. false

Economics

In 2013, which of the following countries spent the most on Research and Development?

a. China b. Germany c. Japan d. the U.S.

Economics