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Author Question: Normal profit is defined as a(n): a. foregone percent rate of return. b. opportunity profit. c. ... (Read 98 times)

formula1

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on: Jun 30, 2018
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


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kilada

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


formula1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

raili21

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Reply 3 on: Yesterday
Excellent

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