This topic contains a solution. Click here to go to the answer

Author Question: Normal profit is defined as a(n): a. foregone percent rate of return. b. opportunity profit. c. ... (Read 38 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
Normal profit is defined as a(n):
 a. foregone percent rate of return.
  b. opportunity profit.
  c. implicit profit.
  d. minimum necessary to keep a firm in operation.

Question 2

The economic policy based on the incorrect theory that a nation's economic objective should be to accumulate precious metals in the public treasury is called _____.
 a. laissez-faire
 b. deficit financing
  c. socialism
 d. mercantilism
 e. capitalism



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

d

Answer to Question 2

d




formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

For a complete list of videos, visit our video library