Correct Answer: Profit and Loss
Explanation:
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More Business Economics MCQ Questions
The guiding principle of business economics is not -----------------but avoiding loss.
The law of demand states that there is an ------------- relationship between price and quantity demanded
A ------------------ along the demand curve is caused by a change in the price of the good only.
Assuming that bread and jam are complements. If the price of jam increase, the equilibrium quantity for bread will--------------
There is a direct relationship between ------------- of the consumer and his demand.
The _____________ firm's demand curve is the same as the market demand for the product.
Raw materials are an example of a firm's ____ costs.
Data collected at the same, or approximately the same, point in time are _____ data.
The term ______ refers to the economic situation in which a few firms dominate an industry.
The amount of the ____________ effect will depend on the type of fiscal policy created.