Costs that are incurred by a business are called ________. Examples include salaries, equipment, travel, rent, and insurance.

a. profit
b. expenses
c. revenue
d. outflow
e. debt

b. expenses

Economics

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In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. The opportunity cost of producing more of

A) good X is the same for both countries. B) good Y is the same for both countries. C) good X is lower in country A. D) good Y is lower in country A.

Economics

Dividing the dividend payment by the stock's closing market price determines the

A) dividend yield. B) coupon payment. C) price-earnings ratio. D) selling price of the stock.

Economics