If a firm's implicit costs are greater than its explicit costs, ...

[james9437]

If a firm's implicit costs are greater than its explicit costs, it tells us nothing about whether a firm is earning economic or accounting profits.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is a major impact of offshoring?
 a. Elimination of domestic jobs
  b. Elimination of jobs in foreign countries
  c. Creation of jobs in the domestic country
  d. An increase in the cost of production of domestic firms
  e. A reduction in the cost of production of foreign firms

[matt]

Answer to Question 1

True

Answer to Question 2

a

[james9437]

TYSM

[amcvicar]

Excellent