What Types of People Would Have Been Most Likely to Prefer

question 44

Multiple Choice

What types of people would have been most likely to prefer the philosophy of Daoism over Confucianism?

• A) Those who liked a community-oriented approach to living
• B) Those who wanted to strive for an improvement in the quality of communal life
• C) Those who liked an individualistic approach that stressed spontaneity and letting nature take its course
• D) Those who preferred a rigid dogma of rigid regulations and strict behavior patterns
• E) Those who believed in multiple reincarnations

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Definitions:

Normal Return

The minimum profit needed by investors to justify the capital invested in a business venture, often equated to the opportunity cost.

Total Revenue

Total Revenue is the total amount of money received by a firm from sales of goods or services before any expenses are deducted.

Economic Profit

The contrast between cumulative revenue and cumulative costs, taking into account both clear and veiled expenses.

Economic Costs

The sum of explicit costs (direct payment for resources) and implicit costs (opportunity costs of using resources owned by the firm).