Normal profit is defined as a(n): a. foregone percent rate of ...

[formula1]

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

[kilada]

Answer to Question 1

d

Answer to Question 2

d

[formula1]

Great answer, keep it coming

[Joy Chen]

Thanks for the timely response, appreciate it