How Did John Maynard Keynes Refer to Economics

question 82

Multiple Choice

How did John Maynard Keynes refer to economics?

• A) as an easy subject at which very few excel
• B) as an easy subject, but not as easy as philosophy or the pure sciences
• C) as an easy subject, which very few can enjoy
• D) as an easy subject, which deals primarily with common sense

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Definitions:

IRR

Internal Rate of Return - a financial metric used to evaluate the profitability of potential investments, representing the discount rate that makes the net present value of all cash flows from a particular project equal to zero.

Salvage Value

The estimated residual value of an asset at the end of its useful life, often considered in depreciation calculations and asset disposal decisions.

Sunk Cost

Expenses that have already been incurred and cannot be recovered, and should not influence future business decisions.

Basic Overheads

The routine, essential expenses incurred in the operation of a business, such as rent, utilities, and salaries.