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Author Question: In economics, the total amount received for selling a good or service is referred to as A) ... (Read 183 times)

nevelica

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on: Jun 29, 2018
In economics, the total amount received for selling a good or service is referred to as
 
  A) revenue. B) factor payments. C) profit. D) capital gains.

Question 2

What problems can high inflation rates cause for the economy?
 
  What will be an ideal response?


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maaaaaaaaaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The problems that inflation causes for the economy include the loss of purchasing power of money, menu costs, and an unintended redistribution of income.


nevelica

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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