Examlex
Which of the following amendments prohibited slavery in the United States?
Economic Profits
The excess of total revenues over total costs, including both explicit and implicit costs, indicating a return above the firm's opportunity costs.
Average Rate
The mean value of a set of rates or percentages, calculated as the sum of all rates divided by the number of rates.
Above Average Profits
Earnings that surpass the norm or average level within a particular industry or market.
Perfectly Elastic Demand
A market situation where demand for a product can drastically change to infinity with the slightest change in its price.
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