Economists disagree with constant government bailouts of large, struggling companies because it can give a rise to

Donnie's Donuts incurs $450,000 per year in explicit costs and $200,000 in implicit costs. The bakery earns $800,000 in revenues and has $2 million in net worth. Based on this information, what is the economic profit for Donnie's Donuts?

A) $150,000 B) $350,000 C) $600,000 D) $1.2 million

Over the past three decades, the United States has

a. generally had, or been very near to a trade balance. b. had trade deficits in about as many years as it has trade surpluses. c. persistently had a trade deficit. d. persistently had a trade surplus.