Economics Is the Study of How

question 276

Multiple Choice

Economics is the study of how

• A)people make money.
• B)preferences are determined.
• C)psychology influences preferences.
• D)people make choices.

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Definitions:

R&D Costs

Refers to expenditures related to the research and development of a company’s goods or services. These costs are intended to provide for future growth and innovation.

Net Income

The net income of a business once all costs and taxes are deducted from the overall revenue.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.

Rate of Return

A measure of the profitability of an investment expressed as a percentage of the original investment.