Disagreements about whether the U.S. government should regulate ...

[vHAUNG6011]

Disagreements about whether the U.S. government should regulate international trade
 
  A) date back to the beginning of the country.
  B) began during the Great Depression.
  C) did not occur until the end of the Mexican War in 1848.
  D) began after World War I when government officials no longer believed in isolationism.

Question 2

Which of the following is true?
 
  A) Opportunity costs are the same as explicit costs.
  B) A firm's net income is the same as its accounting profit.
  C) If a firm's accounting profits are positive, its economic profits must also be positive.
  D) A firm's accounting profit is equal to its economic profit.

[heinisk01]

Answer to Question 1

A

Answer to Question 2

B