Examlex
Earth's rapid rotation makes its axis sweep out the shape of a cone, like a heavy top slowing down. This motion is known as ____.
Demand For Labor
The total amount of workers that employers want to hire at a given wage rate and time period.
Opportunity Cost
The loss of potential gain from other alternatives when one option is chosen.
Accounting Profits
The difference between total revenue and explicit costs of a business, calculated using principles of accounting.
Economic Profits
The surplus left after total costs (including both explicit and implicit costs) are subtracted from total revenues.
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