Profits can be thought of as
a. the return to enterprise.
b. the reward for taking a risk and winning.
c. what is left over after all wages, rent, and interest have been paid.
d. All of these.
d. All of these.
Economics
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When the economy is in a recession, ________ taxes decrease while ________ spending increases and, as a result of this automatic fiscal policy, aggregate demand ________
A) induced; discretionary; is not changed B) needs-tested; induced; decreases C) induced; needs-tested; increases D) discretionary; induced; is not changed E) discretionary; needs-tested; increases
Economics
A country that has absolute advantage in producing all goods does not benefit from trade.
a. true b. false
Economics