When economic profits are negative, accounting profits
A) must be positive.
B) will be negative.
C) will equal zero.
D) could be positive, negative or zero.
D
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One World View article titled "Global Depression" states, "The Great Depression wasn't confined to the U.S. economy." This implies that many other countries
A. Were producing inside their production possibilities curves. B. Experienced an increase in real GDP. C. Were producing on their production possibilities curves. D. None of the choices are correct.
The functions of money are to serve as a:
A. determinant of consumption, investment, and government spending. B. resource allocator, method for accounting, and means of income distribution. C. unit of account, store of value, and medium of exchange. D. factor of production, exchange, and aggregate supply.