Author Question: Profits represent A) a reward to entrepreneurs. B) the income earned from a bond. C) the ... (Read 100 times)

jhjkgdfhk · **on:** Jun 30, 2018

Profits represent

A) a reward to entrepreneurs.
B) the income earned from a bond.
C) the difference between total tax revenue and total government spending.
D) the payments firms make to their employees.

Question 2

Economists consider profit to be

A) a cost of producing goods and services.
B) something that should be eliminated by antitrust laws.
C) the same as a salary.
D) a reward for incurring losses.