When economic profits are positive, accounting profits
A) must be positive.
B) will be negative.
C) will equal zero.
D) could be positive, negative or zero.
Answer: A
Economics
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The North Korean economy is currently classified as:
A) a mixed economy. B) market capitalism. C) command socialism. D) the same kind of economy as Sweden.
Economics
Two years ago, the GDP deflator for Old York was 300, and today it is 330.75. Based on this information the annual average inflation rate for the two years was
A. 10.25%. B. 5.125%. C. 10%. D. 5%.
Economics