4342EconomicsMedium
A firm that makes profit in addition to normal profit is making?
AEconomic profit
BNormal profit
CAccounting profit
Dsupernormal profit
Correct answer
D. supernormal profit
Explanation
The correct answer is supernormal profit.
Correct answer
D. supernormal profit
Explanation
The correct answer is supernormal profit.
Given free trade, small nations tend to benefit the most from trade since they?
When a national has very little GDP per person?
If A imposes a per unit tariff of $10 on imports from both B and C A will import?
If the autarky price of S were lower in country A than in country B then if trade were allowed?
Which of the following types of coal represents the first stage of formation of coal?
A product will be traded only if the pre-trade price difference between the two countries?